A Sole Trader's Cost of Sales for the 20X3 Financial

Multiple Choice

A sole trader's cost of sales for the 20X3 financial year was £580 220.Cost of sales increased by 3% in the 20X4 financial year.Opening inventory at the beginning of the 20X4 financial year was £90 220.The inventory turnover figure for 20X4 in days, calculated using the average of opening and closing inventory, was 56.2 days. What was the closing inventory figure at 20X4 year end (to the nearest £) ?

A) £92 927
B) £93 816
C) £89 338
D) £88 456