Yao Ming of Rocket Ltd. calls you on July 16 and asks you to prepare a claim for insurance as a result of a theft that took place the night before. You suggest that an inventory be taken immediately. The following data are available (amounts in thousands). Inventory, July 1 ¥ 38,000 Purchases—goods placed in stock July 1-15 90,000 Sales—goods delivered to customers (gross) 116,000 Sales returns—goods returned to stock 4,000 Your client reports that the goods on hand on July 16 cost ¥30,500, but you determine that this figure includes goods of ¥6,000 received on a consignment basis. Your past records show that sales are made at approximately 25% over cost. Rocket's insurance covers only goods owned. Instructions Compute the claim against the insurance company.
A) ¥1,972,500
B) ¥2,212,500
C) ¥2,572,500
D) ¥2,332,500