This is a continuation of problem 15. At December 31, Year 2, Beech Corporation still had the same three different products in its inventory. The following table provides updated information for the company's products:

Beech Corporation still expects to incur selling costs equal to 5 percent of the selling price.

Required:
Determine the amount at which Beech should report its inventory on the December 31, Year 2, balance sheet  under (1) IFRS and (2) U.S. GAAP.

Normal Profit Margin 20% 20% 15% Replacement Product Cost S130 202 S160 $100 Cost S180 S150 $100 Selling Price S190 S160 $130 101 303