$3$ Arrison ltd$.$ maintains inventory using FIFO method. Physical inventory taken on $28$th

of Feb $2014$ shows quantity of Rice on hand as $20$ tonnes @ Rs$.420$ per tonne. The

purchase during the year was as under:

Physical inventory taken on $31$st March $2014$ shows $15$ tonnes of rice on hand.

Compute the value of inventory on $31$st March $2014.$