In a statement of financial position for a sole trader the balance of the non-current assets are usually included at: a) Cost b) Scrap Value c) Net Book Value d) none of above 5. Sales for the period were 74,500 and gross profit was established at 34,750. Opening inventory was valued at 3,000 and purchases for the period were 40,000. Closing inventory, therefore, was valued at: a) 3,250 b) 2,750 c) 3,550 d) 3,050