Inventory - NRV

On 1 January 2017, PP LLC purchased 15,000 tons of raw material and recorded inventory at 10,000 USD cost per ton, which included deferral of payment to supplier for three months for an additional charge of 10,000,000 USD and 50,000,000 USD import taxes, 20,000,000 USD bonus to CEO for best price attained, and 15,000,000 USD transportation costs. Average selling cost of inventory remained 1,500 USD per ton throughout the year.

Additional information:

Dates	Remaining balance (in units)	Selling price (in $)
01.01.2017	15,000	12,500
31.03.2017	12,000	10,500
30.06.2017	9,000	8,500
30.09.2017	6,000	9,500
31.12.2017	3,000	6,500

Required:

Compute the closing inventory on each date shown in the above table and respective gains and losses from fluctuations in NRV.