The inventory value for the financial statements of Q for the year ended 31 May 20X6 was based on an inventory

count on 4 June 20X6, which gave a total inventory value of $836,200.

Between 31 May and 4 June 20X6, the following transactions took place:

$

Purchase of goods 8,600

Sales of goods (profit margin 30% on sales) 14,000

Goods returned by Q to supplier 700

What adjusted figure should be included in the financial statements for inventories at 31 May 20X6?

A $838,100

B $853,900

C $818,500

D $834,300