The following transactions were recorded by Green Ltd during March 2020: Date Transaction Number of units per unit 1 March Opening inventory 100 300 4 March Purchases 120 320 7 March Issues to production 150 13 March Purchases 90 350 20 March Issues to production 130 29 March Purchases 90 380 31 March Issues to production 100 Which of the following statements is correct (final answers are rounded to the nearest 10): Question 3 options: Using LIFO, the value of the closing inventory is 6,000 and the value of issues to production is 126, 740. Using AVCO, the value of closing inventory is 7,600 and issues to production is 126,740. The inventory value in the financial statements will be recorded as 6,000. Using FIFO, the value of the closing inventory is 7,600 and the value of issues to production is 126,500.