Details of inventories of five separate products are as follows:

Requirement Assuming that none of the above items have been sold at the year end, value the inventory on the basis of IAS 2 Inventories.

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Product: A B C D E Materials Labour 1,000 2,000 1,500 6,000 1,200 500 500 600 600 600 Production overheads 400 400 500 500 500 Marketing overheads (yet to be incurred) 350 350 400 400 300 184 INTERNATIONAL FINANCIAL ACCOUNTING AND REPORTING Selling overheads (yet to be incurred) Administration costs Selling Price 200 200 200 200 200 150 300 100 900 110 2,600 3,750 3,300 8.600 2,910 2,800 3,700 3,000 7,200 2,900