Hi, please help with the 2 MCQ questions above with working and explanation. thanks.

3) Jon's accounting records show the following information: Sales Purchases Beginning inventory $63,420 49,150 1,892 Jon generally applies a mark-up of 25%. The ending inventory is A) $306 B) $12,378 C) $57,080 D) $7,568 On 31 December 2015, Chloe Trader's closing inventory was counted and valued at its cost of $850,000. Some items of inventory which had cost $250,000 had been damaged in a flood (on 20 December 2015) and are not expected to achieve their normal selling price which is calculated to achieve a margin of 20%. The sale of these goods will be handled by an agent who sells them at70% of the normal selling price and charges an agent fee of 10%. At what value will the closing inventory be reported in Chloe Trader's statement of financial position as at 31 December 2015? 4) A) $850,000 B) $796,875 C) $196,875 D) $600,000