Given:

Sales #180,000
Stock 1/1 # 25,000
Purchases #110,000
Sales returns # 1000
Purchases returns # 1,500
Gross profit # 58,000

Determine the value of stock as at 31st December

• A.#8000
• B.#9,500
• C.#12,500
• D.#15,500
• E.