CA CPT Dec 2017 Question Paper Fundamentals of Accounting for online practice

Mr. Mehta sent 1,000 shirts costing ₹ 400 each to Mr. Kehta on consignment basis.Mehta paid ₹ 20,000 as expenses. Kehta sold 900 shirts at ₹ 500 each. His selling expenses amounted to ₹ 15,000. Find the value of closing inventory.