Puscouël's 2023 records were destroyed and cannot be rebuilt; the earliest practicable period is 2024, the earliest period presented. Carrying amounts of inventories, new and old policy: 215,000 and 198,000 at 1 January 2024; 236,000 and 214,000 at 31 December 2024 (tax effect ignored). Compute the 2024 opening adjustment and the effect on 2024 profit.
- New policy, 1 January 2024
- 215,000
- Old policy, 1 January 2024
- 198,000
- New policy, 31 December 2024
- 236,000
- Old policy, 31 December 2024
- 214,000