Please explain the steps.

24 The closing inventory of Stacks plc amounted to 58,200 excluding the following two inventory lines: 1 200 items which had cost 15 each. These items were found to be defective at the year-end date. Rectification work after that date amounted to 1,200 for the batch, after which they were sold for 17.50 each, with selling expenses totalling 300 for the batch. 2 400 items which had cost 2 each. All were sold after the year-end date for 1.50 each, with selling expenses of 200 for the batch. What amount for inventory should be shown in the statement of financial position of Stacks plc? A 62,000 B 61,600 C 60,600 D 61,000 LO 3C