Question: I need the answer as soon as possible 2. As at 31 December 2021 the following items remained unsold. Bauk Consumer Electrical Berhad is using

I need the answer as soon as possible

2. As at 31 December 2021 the following items remained unsold. Bauk Consumer Electrical Berhad is using group of similar items in valuing their inventory. Group Cost (RM) Net realizable value (RM) A A 29,450 36,950 24,750 33,200 0000 B B Coffee maker A001 A002 Dishwasher B001 B002 Handheld vacuum C001 C002 Air purifier D001 D002 64,100 73,500 62,400 82,800 40,850 36,050 38,500 37,700 D D 35,950 35,850 40,150 30,250 Required: i. Describe whether the unsold product above are items of inventory in accordance with MERS 102 inventories. (3 marks) ii. Determine the value of closing inventory as at 31 December 2021 by using the item by item basis. (Show all workings). (5 marks) (Total: 8 marks)

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