As at 31 December 2021 the following items remained unsold. Bauk Consumer Electrical Berhad is using group of similar items in valuing their inventory. Required: Describe whether the unsold product above are items of inventory in accordance with MFRS 102 inventories. GroupCostNet realizable value(RM)(RM)Coffee makerA001A29,45024,750A002A36,95033,200DishwasherBO0164,10062,400BO0273,50082,800HandheldvacuumCo01C40,85038,500CO0236,05037,700Air purifierD00135,95040,150D002D35,85030,250

MFRS 102 inventories- Malaysian Financial Reporting Standard 102 inventories applies to companies…

As at 31 December 2021 the following items remained unsold. Bauk Consumer Electrical Berhad is using group of similar items in valuing their inventory. Required: Describe whether the unsold product above are items of inventory in accordance with MFRS 102 inventories.

As at 31 December 2021 the following items remained unsold. Bauk Consumer Electrical Berhad is using group of similar items in valuing their inventory. Required: Describe whether the unsold product above are items of inventory in accordance with MFRS 102 inventories.

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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