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.