Manic Monday Limited has incurred the following costs in relation to a unit of inventory:  

     N$

Raw materials cost                 1.50

Import duties                           0.40

Direct Labour                          0.50

Subcontracted labour costs    0.80

Refundable sales tax              0.20

Storage costs                          0.05

Production overheads (per unit) 0.25            

There was a problem with the first batch of items produced, so abnormal wastage costs of 0.10 per unit have also been incurred by Manic Monday Ltd.

At what value should Manic Monday Ltd value this inventory in its Financial Statements?