Questions Agro Bhd, prepares its financial statements to 31" August each year. On 1 September 2020. Agro purchased 2,000 sheeps (average age of 2 years old as at 1 September 2020) for RM1 million On 1 May 2021, 125 lambs were bom. There were no other changes in the number of animals during the year ended 31 August 2021. As at 31 August 2021. Agro managed to shear 3.560 kg of wool and these were only sold shortly after the year end at market prices. The following information were available: Items Fair value less costs to sell 1 September 2020 1 May 2021 31 Aug 2021 New box lamb perlamb) RM100 120 130 Four months old lamb (per lamb) RM150 160 Two-years old sheep (per sheep) SSO Three-years old sheep (per sheep) 620 650 Woolper kg) 12 13 180 600 RM470 RM6) 10 Required In accordance with IAS 41 MERS 141 Agnculture explain how the above transactions should be accounted for in the financial statements of Agro Bhd for the year ended 31 August 2021