Purple Limited is a manufacturing business making one product. Its finished
goods require the following inputs:
Labour	2 hours at		30	per hour
Production overheads			15	per unit
Raw material (1 unit)			20	per unit
The raw materials cost is based on the set price agreed with suppliers which
has not changed in a number of years.
At 31 December 2019, Purple Limited had 1,000 units of the finished goods in
stock and 500 units of the raw material.
The expected sales price of the finished goods is 110 with delivery costs per
unit of 5. The rate of labour per hour is due to increase to 36 per hour from
1 January 2020.
What is the total figure for closing inventory that Purple Limited should reflect
in its accounts for the year ended 31 December 2019?