Shaw & Co., Imported raw materials from China worth $100,000. They paid $8,000 as Import duties and $2,000 as Import taxes (the import taxes were subsequently refunded by the local government). They paid $15,000 for transportation of the materials from China and another $2,000 as port handling charges for loading the materials at China. Marketing expenses were $1,000 and the general administrative overheads amounted to $2,000. What will be the value of Inventories as per IAS 27 a) $127,000 $125,000 c) $128,000