9.7 At 30 June 20x2 Dilip's inventory was valued at its cost of $45,400. This included items costing $2,600 which have since been superseded by an updated design. Dilip will be able to sell these items through an agent for $1,400. The agent's commission will be 10% of selling price. What was the correct value of closing inventory at 30 June 20x2? A $45,400 B $44,200 $44,060 D $42,800 (2 marks)