2.2. (5 marks) The Sohar Development Company has incurred the following costs in relation to a unit of inventory (in OMR): Raw materials cost Import duties Direct labor Subcontracted labour costs VAT tax Storage costs Production overheads (per unit) 15.00 4.00 5.00 8.00 2.00 0.50 0.25 With the first batch of items produced, it was found out that the quality of the materials was insatisfactory. Abnormal wastage costs of OMR 1.00 per unit have also been incurred by Sohar Development Company. REQUIRED: At what cost should Sohar Development Company disclose this inventory in its financial statements