A trader prepared his final accounts on 31 st March, each year. Due to some unavoidable reasons, no inventory taking could be possible till 15 th…

A trader prepared his final accounts on 31 st March, each year. Due to some unavoidable reasons, no inventory taking could be possible till 15 th April, 2025 on which date total cost of goods in his store came to 1,50,000. The following facts were established between31 st March and 15 th April, 2025: Sales (Credit) ₹ 70,000 Sales (Cash) ₹ 25,000 Purchases (Cash) ₹ 15,000 Purchases (Credit) ₹ 25,000 On 25 th March, goods of the sale value of 30,000 were sent on sale or return basis to a customer, the period of approval being four weeks. He returned25% of the goods on 12 th April, approving the rest; the customer was billed on 25 th April. The trader had also received goods costing - 10,000 in March, for sale on consignment basis.50% of the goods had been sold by 31 st March and another25% by 15 th April. These sales are not included in above sales. Goods are sold by the trader at a profit of 20% on sales. You are required to ascertain the value of inventory as on 31 st March, 2025.