From the following particulars, ascertain the value of inventories as on 31 st March, 2025: (₹) Inventory as on 1 st April, 2024 1,76,900 Purchases…

From the following particulars, ascertain the value of inventories as on 31 st March, 2025: (₹) Inventory as on 1 st April, 2024 1,76,900 Purchases 9,64,000 Manufacturing Expenses 1,90,000 Selling Expenses 78,500 Administrative Expenses 25,000 Financial Expenses 24,900 Sales 15,37,000 (i) At the time of valuing inventory as on 31 st March, 2024, a sum of 7,500 was written off on a particular item remaining in the balance, which was originally purchased for 70,000 and was sold during the year for 65,000. Barring the transaction relating to this item, the gross profit earned during the year was 20% on sales. (ii) On 15 th March, 2025, the goods of the sale value of 20,000 (included in above sales) were sent on sale or return basis to a customer, the period of approval being four weeks. He returned40% of the goods on 10 th April, 2025, approving the rest.