Puneet closed his books of account on 31st March, each year. Inventory taking for the year ended 31st March, 2025 was completed by 10th April, 2025…

Puneet closed his books of account on 31st March, each year. Inventory taking for the year ended 31st March, 2025 was completed by 10th April, 2025 on which date value of the stock available in godown was of 4,50,000 at cost. Following are the details of transactions that took place between31st March, 2025 and 10th April, 2025: (i) Goods sold to customers - 1,10,000. (ii) Sales return - 10,000. (iii) Purchases - 85,000 (Including Cash Purchases - 10,000). (iv) Purchases return amounted to 2,500. (v) Goods costing - 20,000 received in March, for sale on consignment basis, out of which60% of goods had been sold by 10th April. These sales are not included in above sales. (vi) After the stock was taken, it was found that there was certain very old slow- moving items costing - 16,000, which should be taken at 9,500 to ensure disposal to an interested customer. Goods are sold at a profit margin of 25% on cost. Ascertain the value of inventory for inclusion in the final accounts for the year ended 31st March, 2025.