William buys radios for $\$ 10$ each and sells them for $\$ 15$ each.
His draft statement of financial position included a value of $\$ 1500$ for inventory.
His method of calculation of inventory was correct.
He then found that 12 radios could only be sold for $\$ 8$ each and 4 radios had been stolen.
By how much should William reduce his inventory valuation?
$\$ 64$
2 )
$\$ 84$
3 )
$\$ 124$
4 )
$\$ 144$
