AA Pte Ltd exports Brand X car navigation system to three markets, namely China, Malaysia and Thailand. The company was approached by a car manufacturer with the intention to buy over the company. The company currently holds 1,600 units of the Brand X car navigation system in its inventory. Information on the company's transaction of the product in the three markets are as follows: Market Sales price per unit - China Malaysia Thailand 380 385 390 Units sold by company 3,000 2.200 3.300 Transport costs per unit ($) 50 30 40 Transaction costs per unit ($) 10 6 7 Required: In preparing the financial statement for the buyer's consideration, AA Pte Ltd valued the inventory at $624,000. You are approached by the buyer to evaluate the purchase. You have the market information of the product in the three markets. Market China Market volume 40,000 Malaysia Thailand 23,000 31.000 Discuss the proposed price of the inventory by AA Pte Ltd and advice the buyer as to whether it would be acceptable under FRS 113 Fair Value Measurement. Workings must be clearly shown. (27 marks)