A trader prepared his accounts on 31st March, each year. Due to some unavoidable reasons, no inventory taking could be possible till 15th April, 2020 on which date the total cost of goods in his godown came to *5,00,000. The following facts were established between 31st March and 15th April, 2020. Sales 4,10,000 (including cash sales 1,00,000) (i) (ii) Sales Return 10,000. (iii) Purchases 50,340 (including cash purchases 19,900) Goods are sold by the trader at a profit of 20% on sales. You are required to ascertain the value of inventory as on 31st March, 2020.