Ram

Ram's godown caught fire on 29th August, 2020. Large part of the stock of goods was destroyed and goods costing 56,350 could be salvaged. Ram provides you the following additional information: Cost of stock on 1st April, 2019 3,55,250 Cost of stock on 31st March, 2020 3,95,050 Purchases during the year ended 31st March, 2020 28,39,800 Purchases from 1st April, 2020 to the date of fire 16,55,350 Cost of goods distributed as samples for advertising from 1st April, 2020 to the date of fire 20,500 Cost of goods withdrawn by trader for personal use from 1st April, 2020 to the date of fire 1,000 Sales for the year ended 31st March, 2020 40,00,000 Sales from 1st April, 2020 to the date of fire 22,68,000 Ram had taken the fire insurance policy for 7 4,00,000 with an average clause. You are required to compute the amount of the claim that will be admitted by the insurance company