The selling price of the inventory of Company Banana, a wholesaler of exotic fruit, at 31 March 2020 is 100,000. The company sells its goods at a 35% margin. 25% of the inventory has reached its 'sell-by' date and will be sold for 7,500. Which of the following will be the correct value for closing inventory at that date appearing in the statement of financial position? A 48,750 B 56,250 C 55,555 D 65,000