Argentina tray puzzle featuring He-Man fighting Skeletor and Beast Man. The pieces are very fragile plastic. Stamped "Mattel 1983".
Note that Beast Man is depicted as the Red Beast version of his deco. He-Man is wielding a blue version of his shield, reminiscent of the Weapons Pak version. The Sky Sled is depicted in a unique gold tone with a fanged head, possibly indicating that it is meant to be an evil version of the Sky Sled.