JLT Company's closing inventory included an item which has a cost of Rs 79,000 and a normal sales price of Rs 95,000.The item has been found to be defective because of which it is expected that it...

JLT Company's closing inventory included an item which has a cost of Rs 79,000 and a normal sales price of Rs 95,000.The item has been found to be defective because of which it is expected that it will be sold at a reduced price of Rs 88,000 after the item has been repaired at a cost of Rs 4,000. What should be the value of this item of inventory in the balance sheet