Rusky Sdn Bhd makes one standard article. The stock sheet at year-end shows the following items:

The estimated cost to sell is negligible.

Required:

a. Calculate the cost and net realisable value of the inventories.

b. Calculate the amount of. inventories that will be disclosed in the financial statement of Rusky Sdn Bhd.

\begin{tabular}{|c|c|c|} \hline Item & Detail & Price/cost (RM) \\ \hline Raw materials & Cost & 24 per kilogram \\ \hline 100 kilograms & Current price to purchase & 22 per kilogram \\ \hline Work-in-progress & Material cost & 200 per unit \\ \hline 30 units & Labour cost & 200 per unit \\ \hline Overhead & 200 per unit \\ \hline Finished goods & Labour cost & 400 per unit \\ \hline 100 units & Overhead & 400 per unit \\ \hline & Selling price & 1,400 per unit \\ \hline Damaged finished units & Cost to rectify damage & 600 per unit \\ \hline 20 units & Selling price & 1,400 per unit \\ \hline \end{tabular}