(Solution) - Beech Corporation has three finished products related to three different -(2025 Original AI-Free Solution)

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Beech Corporation has three finished products (related to three different product lines) in its ending inventory at December 31, Year 1. The following table provides additional information about each product:

Beech Corporation expects to incur selling costs equal to 5 percent of the selling price on each of the products.
Required:
Determine the amount at which Beech should report its inventory on the December 31, Year 1, balance sheet under (1) IFRS and (2) U.S. GAAP.