20.6 A sole trader fixes her prices by adding 50 per cent to the cost of all goods purchased. On 31 October 20X3 a fire destroyed a considerable part of the inventory and all inventory records. Her trading account for the year ended 31 October 20X3 included the following figures: Sales Opening inventory at cost Purchases Closing inventory at cost Gross profit Using this information, what inventory loss has occurred? A $61,050 B $87,575 C $40,700 D $110,850 $ $ 281,250 183,600 249,200 432,800 204,600 228,200 53,050 (2 marks)