Abnormal wastage per unit 50 Selling price per unit? 1.2 There were 1 500 units of finished products on hand at 31 December 2019. 1.3 The selling agents' commission is 10% of the selling price. 1.4 As a result of a new competition in the market, O&B Ltd decreased the selling price to 14 000. 1.5 O&B Ltd values its inventories at the lower of cost, measured on the first-in-first-out basis, or net realisable value. 2. A meeting will be held on the 31 March 2020 to authorise the current period's financial statements for issue. REQUIRED: a) Present the assets only section as it should appear in the Statement of Financial Position and disclose the inventories note to the Statement of Financial Position for the year ending of 31 December 2019 to comply with International Financial Reporting Standards (IFRS) (10)