McPhillips Ltd presented the following items of inventory at the end of the year Item CHB DLA ENQ Cost 6,000 10,000 13,000 Selling price 7,000 12,000 15,000 Item DLA will be sold at a discount of 30% after the year-end. Item ENQ requires packaging before it can be sold, and this is estimated to be 4,000. The total value of the closing inventory is: Select one answer: O29,000 25,400 34,000 27,000