You started your own business of selling branded laptops in

You started your own business of selling branded laptops in Islamabad. At the end of first year of bunnies. You are keen to know that at what value Inventory should be included in financial reports.the minimum order of laptop to be placed in 100 laptops while the purchase price of each laptop is PKR 18000. your friend who in tax and excrise department told you that it will cost 40% of purchase price for improt excrise and tax duty while the freight of 100 laptop shipment is PKR 200,000 once shipment is received in Islamabad,there is further cost of PKR 2000 per laptop to keep the laptop in safe storage.
During the year you have ordered 500 laptops and successfully sold 460 laptops at a price of 35000 per laptop.Now new laptop model is in market and the selling price of laptop you are selling is expected to reduce by PKR 5000 while there will be additi commission of 5000 to be paid for selling these laptops.
Required:
1) According to IAS 2, at which value the inventory should be reported in SoFP.
2) Measure value of and recognize the closing inventory for year ended.