Temlah Adwole operates a small music store. Over a number of years he has accumulated an inventory of CDs. These have cost an average of $6.00 to purchase. Due to the increasing popularity of digital downloading of music, it has become more difficult to sell these CDs and a decision has been taken to have an immediate “clear out” sale at a price of $4.00 for every disc following the accounting year end. An additional $0.50 will be spent on repackaging. At what price should these CDs be valued at the year end?