d) Charlotte plc has the following units in inventory at the end of 20X5. Cost per unit Units Raw Materials Work in progress Finished goods 7,000 2,500 1,000 20 25 30 Finished items usually sell for 35 per unit. However, difficult trading conditions have meant that the company expects to have to discount its finished items by 20% and to incur selling costs of 2 per item. A further 2.50 per unit is still to be incurred to finish off the items of work in progress In accordance with IAS 2 Inventories, at what amount should inventories be stated in the statement of financial position of Charlotte plc as at the end of 20X5? Provide a clear reasoning and workings to support your