Question: it would be good if you could teach me how to calculate this Tambadau Berhad involves in the manufacturing of wood furniture for local and
it would be good if you could teach me how to calculate this

Tambadau Berhad involves in the manufacturing of wood furniture for local and export June 2018. market. The following information relates with the unsold furniture of the business as at 30 Item No. of Cost per Net realisable value per unit units unit Bedroom set 150 RM2,500 RM2,800 Living room set 120 RM3, 100 RM3, 150 Dining set 75 RM2,800 RM2,750 Others - work in progress 125 RM1,250 RM1,250 Required: a. Explain whether the furniture stated above are inventories in accordance with MFRS 102 Inventories. (2 marks) b. i. Determine the value of the above products on 30 June 2018 on an item-by- item basis in accordance with the relevant MFRS. (6 marks) ii. Show the extract of Statement of Financial Position for Tambadau Enterprise as at 30 June 2018. (2 marks) C. Briefly explain any TWO (2) disclosure requirements of Inventories in the Statement of Financial Position in accordance with MFRS 102 Inventories. (2 marks)
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