The cost is still $50, and the cost to prepare it for sale is $20, so the net realizable value is $45 ($115 market value - $50 cost - $20 completion cost). Since the net realizable value of $45 is lower than the cost of $50, you should record a loss of $5 on the inventory item, thereby reducing its recorded cost to $45.
Scenes in Art. The Nile River often influenced the content of Egyptian art. A boat with many oars was a common scene in Predynastic art, but scenes involving hunting or vegetation along the Nile were depicted in art across many periods.
The Mysterious Hyksos and the Hebrews. The Semitic Influence in Ancient Egypt. Outstanding archaeologists (James Henry Breasted, Sir Flinders Petrie among them) took note early on of the profound impact the Semitic peoples had on the evolution of Egyptian civilization.