During the physical inventory count conducted by Top Traders for the year ended 31 May 20.21, inventory on hand consists of trading inventory, R11 677, packaging material R2 959, stationery R868 and cleaning material R350. Before Top Traders signed off the inventory count sheets, the supervisor noticed that trading inventory on hand included consignment inventory to the value of R1 847 that is owned by Bow Suppliers.

	R
Trading inventory: 1 June 20.20	15 560
Purchases	29 678
Packaging material	3 789
Stationery	3 500
Cleaning material	1 656

The correct amount for inventory to be disclosed in the statement of financial position of Top Traders as at 31 May 20.21 is ...

Instructions:

1. Use a full stop to indicate any decimals (eg: 1000.01)

2. Round off to the second decimal after the full stop (eg: 50.56)

3. Don't show the % sign only the numbers (eg: 70.01% is 70.01)

Answer: