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1. The cost of inventories on hand at 1 January 2025 was $40 000 and at 31 December 2025 was $35 000. Inventories purchases for

1. The cost of inventories on hand at 1 January 2025 was $40 000 and at 31 December 2025 was $35 000. Inventories purchases for the year amounted to $170 000, freight outwards expense was $1500, and purchase returns were $1400. What was the cost of sales for the year ended 31 December 2025? (a) $163 600 (b) $173 600 (c) $175 000 (d) $175 100

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