9.8 Lavinia valued her inventory at 31 December 20X2 at its cost of $11,480. This included some items which cost $975 which have been hard to sell. Lavinia intends to have these items repacked at a cost of $225. This will allow her to sell them for $450. What was the correct value of closing inventory at 31 December 20X2? A $10,505 B $10,730 $11,480 D $11,705 (2 marks)