Hedley keeps $100$ items of inventory in his warehouse, and a further five are held by a customer on a sale or return basis. He gives the following details. Historic cost paid per unit: $60$ Selling price per unit: $85$ Current replacement cost per unit: $65$ Which figure should be shown for inventory in the statement of financial position?
- A$6\,000$
- B$6\,300$
- C$6\,825$
- D$8\,500$