Hasty plc's financial year ended on 31 March 20X8. Inventory taken on 7 April 20X8 amounted to £100,000. The following information needs to be taken into account:

(i) Sales invoices totalling £9,000 were raised during the seven days after the year-end. £1,500 of this had not been dispatched by 7 April. The company policy was to add 20% to cost.

(ii) Sales returns received on 6 April totalled £600.

(iii) Goods with an invoice value of £6,000 had been sent to customers on approval in February 20X8. £3,600 had been returned in March 20X8. The company policy was to add 20% to cost and not to process the invoice until customers gave notice of purchasing.

(iv) Goods bought in to satisfy a one-off customer order at £575 had been sent on approval in November 20X7 on a pro forma invoice for £850. These had been taken into inventory at the pro forma price.

Required:

Calculate revised inventory as at 31 March 20X8.