The following case study applies to questions $1620$:

Kim has been running her own pet shop, Pets Party, for the last year, which she incorporated as a private company. Her post$-$adjustment trial balance as at $31$ December is as follows:

Post adjustment

DEBITS

CREDITS

Statement of Financial position section

Equipment @ cost

$20000$

Accumulated depreciation

$5000$

Accounts receivable

$25000$

Accrued income

$12000$

Bank

$42200$

SARS $($Taxation liability$)$

$18000$

Accounts payable

$150000$

Inventory

$65000$

Capital

$10000$

Nominal accounts section

Telephone expense

$3800$

Salaries expense

$60000$

Depreciation expense

$5000$

Taxation expense

$18000$

Sales

$228000$

Purchases

$136000$

Bad debts expense

$10000$

Consumables expense

$14000$

$411000$

$411000$

Question $16$

Not yet answered

Marked out of $1\mathrm{.}00$

Question text

In preparing the post$-$adjustment trial balance the accountant forgot to calculate the cost of sales figure. The cost of sales figure for Pets Party is $\_\_\_\_\_\_$ and the company uses the $\_\_\_\_\_\_$ inventory method.

Question $16$Select one:

a$.$

R$71000$; perpetual

b$.$

R$71000$; periodic

c$.$

R$65000$; periodic

d$.$

Zero; Retail