Ral Eco Sheep (KFis) Cu opretas several businesses based around sheep tering AES Cohas a herd of caound 5000 sheep at any ano time in addition to lambs end adull shoop at market, Kt'S Co uses the wool removed from lambs afd shesp at stearmy thme to proctice a vaniety of woolien products which are soid val weserte (4) December 20x5, KES Ca's bock of sheep is sheared to produce an inventory of Asecte. The cost of sheiaring is $4 per sheep which generates one fleece. Had the Aeece been cold on the open market at this date, the sales price would be $9 per fecece and seling costs of \$1 per tleece would be payable. In accordance with IAs 41 Agricullure, what amount should be used to value the inventory of fieeces in KES Co's statement of financial position as at 31 December 205 ? Fair value (\$9) Cost of shearing (\$4) Fair value less costs to soll (\$8) Fair value less cost of shearing ($5)