Choose correct answer(round answer to nearest tenth): * 2 points The information below relates to inventory item Z. March 1 - 65 units held in opening inventory at a cost of $140 per unit March 17 - 70 units purchased at a cost of $110 per unit March 1910 units purchased at a cost of $120 per unit March 31 - 60 units sold at a selling price of $180 per unit Under AVCO, what is the value of inventory held for item Z at the end of March 31 ? 12,778 10,552 15,600 9,800 Choose correct answer: * 2 points The inventory value for the financial statements of Global Co for the year ended 30 June 203 was based on a inventory count on 7 July 203, which gave a total inventory value of $700,000. Between 30 June and 7 July 203, the following transactions took place. Purchase of goods 12,000$ Sale of goods (mark up on cost at 10% ) 15,000\$ Goods returned by Global Co to supplier 2,500\$ What figure should be included in the financial statements for inventories at 30 June 203 ? 670,000 680,000 704,000 710,710