a AA In the fourth quarter of Year 1, Beech Corporation produced three products (related to different product lines) that it still has in inventory at December 31, the end of its fiscal year. The following table provides information about each product: F Product Replacement Selling Cost Price Cost 101 S $130 $140 $160 202 $160 $135 $140 303 $100 $ 90 $ 70 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, Year 1, balance sheet