Sharon Is a Sole Trader Selling Dressing Gowns

Multiple Choice

Sharon is a sole trader selling dressing gowns.Each garment retails for £16.50 and costs Sharon £9.20.In December 20X4 Sharon takes advantage of the Christmas market and sells 521 dressing gowns.At the beginning of the month she had a inventory of 86 items and she purchased a further 480 during the month. What is the value of Sharon's closing inventory at the end of December 20X4?

A) £742.50
B) £414.00
C) £1168.40
D) £328.50