The following facts have been extracted from the books of Faith International Corporation:

Sales during the year ₹2,54,90,000, the opening stock at cost was ₹81,25,000 and company made a purchase of ₹1,16,39,000. Certain goods costing ₹1,94,000 were damaged by fire and considered as abnormal loss.

Past records reveal that company has been earning a gross profit margin of 30% on sales value that can be considered as a reasonable level of gross profit on sales. Estimate cost of closing inventory.