The Triad Trading Co has recently prepared draft financial statements for the most recent year. A profit for the year of 125,000 was reported. Subsequent investigation found that one item of inventories (MNS 10Y) has been valued using the AVCO basis, whereas the policy of the business is to use the FIFO basis for all inventories. The business had the following transactions during the year for this item:

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It was also discovered, after the draft financial statements were prepared, that the net realisable value of inventories of item MNS 10Y were 24,000.

Required:

Calculate the revised profit for the year after the inventories for item MNS 10Y have been appropriately valued.

The revised profit =

nothing

(Type an integer.) ???