The following information is relevant for Tanyas pharmacy concerning its trading stock during the current tax year:

Purchases of facial cleanser and vitamins: $120,000.

Sales of facial cleanser and vitamins: $300,000.

Total closing stock value for facial cleanser and vitamins for end of year prior to the relevant tax year: $400,000 (in total).

Trading stock values at end of current tax year:

• Facial cleanser: cost of $100,000, replacement value $90,000, market selling value $200,000.
• Vitamins: cost of $200,000, replacement value of $220,000, market selling value $300,000.

1. The trading stock implications for the facial cleaner and vitamins on the assumptions that Tanya wishes to minimise the income tax liabilities for the business (3 marks).