Question 3 PART A The owner of Plants 'R' Us is preparing her accounts for the year ended 31 December 20X4. She has prepared a list of inventory in her shop on accounting year end date, but is unsure how to value the following items: Notes: Description Quantity Purchase price Expected sales Note per item price per item Potted roses 5 3.99 2.99 Plastic plant pots 45 0.40 0.50 Bay trees 3 24.75 28.75 2 1. The potted roses have been in the shop for some time and have already finished flowering. They can only be sold at a discounted price. 2. In order to sell the bay trees, the owner will need to repot them as they have outgrown the containers they are currently in and do not look very attractive. She estimates the new pots will cost a further 5 for each tree Required: What is the total accounting value of the inventory at the year ended 31 December 20X4? Justify your answer. (9 Marks)