The following information is available:

Inventory on the SOFP as at 30th June 2021: 76,000

Inventory on the SOFP as at 30th June 2022: 100,000. However, this amount includes inventory of 16,000 which has become technologically obsolete and now has a net realisable value of 4,000.

The cost of goods sold for the year ended 30th June 2022 is 148,000.

What is the amount of total inventory purchases made during the period 1st July 2021 to 30th June 2022?

a. 172,000

b. 156,000

c. 136,000

d. 168,000

e. 160,000