Please answer question 4(a)

4. Green Tree Sdn. Bhd. is a trading company that sells woods. Two main products that are vastly produced by this company are rose wood and maple wood. As of 31 July 2018, the company provide the following details: Cost of purchase Selling price per unit Selling cost Rose Wood RM 1,200 1.450 210 Maple Wood RM 735 825 85 Additional Information: (0) Green Tree Sdn. Bhd. records closing inventory of 624 units and 500 units of rose wood and maple wood respectively on that date. Based on the stated number of closing inventories, a total import duty of RM12,000 is charged to produce the rose wood. CONFIDENTIAL (iii) Maple wood required a special machine for the cutting process where the absorption rate of closing inventories is RM7,650. (iv) Storage cost for rose wood and maple wood are RM4,800 and RM3,200 respectively. Required: (a) Determine the value of inventory to be reported in the Statement of Financial Position as at 31 July 2018 (show all workings). (10 marks)