JLT Company's closing inventory included an item which has a cost of Rs 79,000 and a normal sales price of Rs 95,000.The item has been found to be defective because of which it is expected that it will be sold at a reduced price of Rs 88,000 after the item has been repaired at a cost of Rs 4,000. What should be the value of this item of inventory in the balance sheet a. Rs 84,000 b. Rs 79,000 c. Rs 73,000 d. None of the options

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