What will be the closing inventory of the company, if the following information is available?

₹1,10,000

The correct answer is option 4- ₹1,10,000.

Cost of goods sold = opening inventory + purchase + direct expenses - closing inventory
                5,40,000 = 70,000 + 5,50,000 + 30,000 - closing inventory
Closing inventory = 6,50,000 - 5,40,000
                            = ₹1,10,000