*. InStyle Bags Sdn. Bhd. is a company that sells various types of bags to customers in Selangor. The following are the information relating to the three products' inventory as at 31 March 2016: Purchase price Selling price Cost to complete and sell Import duties Administrative cost Foreign exchange cost Cost of conversion Required: (a) Duffel Bag RM 1,490 30% mark-up 1,380 350 800 620 880 Baguette Bag RM 3,350 5,990 1,190 20% higher than Duffel's import duties 910 10% lower than Saddle's foreign exchange cost 950 Saddle Bag RM 2,320 4,880 1,180 350 700 555 5% lower than Baguette's conversion cost Compute the value of inventories that will be disclosed in the Statement of Financial Position (extract) as at 31 March 2016.