19.Beech Corporation has three finished products (related to three different product lines) in Its ending inventory at December 31,2017. The following table provides additional information about each product: Replacement Cost $175 $145 $100 Normal Profit Margin Product 101 202 303 Cost $130 $160 $100 Selling Price $190 $160 $130 20% 20% 15% 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 31,2017, balance sheet under (1) IFRS) and (2) U.S. GAAP. (Show your work)