Parent Company has control over several entities. Parent Company reports inventory using the first‐in, first‐out (FIFO) cost formula. The other entities report inventories using the FIFO cost formula or the weighted‐average (WA) cost formula. See inventory values below.

	Parent Company	Entity A	Entity B	Entity C
FIFO	£2000	£1200	£1500	£2200
WA	£1900	£1000	£1300	£2000

Required: Utilize eIFRS to find authoritative guidance regarding the amount Parent Company should report for inventory in its consolidated financial statements? Be sure to cite specific authoritative literature to justify your answer.