Eddie is in the business of selling musical instruments. Information concerning his inventory are as follows: Guitar Harp Violin Historical cost $785,000 $802,000 $405,000 Selling price $1,200,000 $1,350,000 $1,570,000 Estimated cost to complete $310,000 $406,000 $1,200,000 Replacement cost $885,000 $800,000 $505,000 Normal profit margin 25% 25% 10% Assuming Eddie follows IFRS, how much should he report as his work-in-process inventory? $2,190,000 $1.957.000 $1.930,000