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 Middle Kingdom was a time of achievements for the ancient Egyptians. Art took on new styles and techniques, like the block style, where art was produced from large blocks of stone. Irrigation projects at the Faiyum, a large oasis on the west bank of the Nile in Lower Egypt, increased harvests.