ILLUSTRATION 9.2 Jayce Ltd. Keeps no running stock records but a physical inventory of stock is made at the end of each quarter and evaluated at cost. The company's year ends on 30th September, 2015 and draft accounts have been prepared to that date. The stock inventory taken on 30th September, 2015 was accidentally destroyed before the items had been evaluated, the closing stock figure used in the draft accounts being that shown by the inventory taken on 30th June, 2015. The gross margin earned by the company is 25% of cost. During your audit you discovered the following: (1) The cost of the stock on 30th June, 2015 as shown by the inventory was $40,525. (2) On 30th June, 2015 stock sheets showed the following discrepancies. (a) A page total of $ 5,059 had been carried to the summary as $5,509. (b) A total of a page had been undercast by $98. (c) 100 items which had cost 5 each had been taken at 25 cents each. (3) for purchases entered in the Purchases Book during the month of July, August and September 2015 totalled $ 38,560. Of this total, $ 2,800 related to goods received on or prior to 30th June, 2015. Invoices entered in October 2015 relating to goods received in September 2015 totalled $3,700. (4) Sales invoiced to customers in July, August and September 2015 totalled $51,073. Of this total, $3,824 related to goods despatched on or before 30th June, 2015. Goods despatched to customers before 30th September, 2015 but invoiced in October 2015 totalled $ 5,241. (5) During the final quarter of the company's year, credit notes at invoiced value of $1,280 had been issued to customers in respect of goods returned during that period. You are required to prepare a statement showing the amount of the stock at cost as on 30th September, 2015