A company has 25 digital radios in its inventory which it bought for £50 each. Each radio is normally sold for £100, but due to a slight cosmetic fault, the company will have to reduce the selling price to £45 each. What is the total value of the inventory of the digital radios to be included as a current asset in the statement of financial position?

(a) £1,250 (25 * £50)

(b) £2,500 (25 * £100)

(c) £1,125 (25 * £45)

(d) £1,375 (25 * [£100 - £45])