Use the Following Information from the Financial Statements of ABC

Multiple Choice

Use the following information from the financial statements of ABC Co for the 2015 financial year : $$\begin{array} { | l | r | } \hline & £ \\\hline \text { Sales } & 600,000 \\\hline \text { Materials used in production } & 120,000 \\\hline \text { Labour used in production } & 70,000 \\\hline \text { Manufacturing overheads } & 50,000 \\\hline \text { Less selling \& admin expenses } & 200,000 \\\hline \text { Work in progress at beginning of period } & 45,000 \\\hline \text { Work in progress at end of period } & 60,000 \\\hline \text { Finished goods at beginning of period } & 125,000 \\\hline \text { Finished goods at end of period } & 100,000 \\\hline\end{array}$$
-The value of inventory in ABC Co's Balance Sheet at the end of 2015 is:

A) £145,000
B) £160,000
C) £170,000
D) £185,000