Quick Question $0$Trading Stock Fred sells hats in his shop and is required to do a stocktake. He has $100$ hats on hand. They cost $$20$ each. He usually sells them for $$50$ each, but due to a price rise he can only replace them for $$30.$ From tax perspective which advice would you give him? a$)$ He should value his stock on hand at $$20$ b$)$ He should value his stock on hand at $$50$ c$)$ He should value his stock on hand at $$30$