Rs. Particulars Opening Inventory: Finished Goods Raw Materials Kg. 1,000 1,100 10,000 Purchases Labour Overheads (Fixed) Sales Closing Inventory: 25,000 11,000 1,00,000 76,500 75,000 2,80,000 Raw Materials Finished Goods 10,000 900 1200 The expected production for the year was 15,000 kg of the finished product. Due to fall in market demand the sales price for the finished goods was Rs. 20 per kg and the replacement cost for the raw material was Rs. 9.50 per kg on the closing day. You are required to calculate the closing inventory as on that date