Revision Question $2$

DST Bhd decides to adventure into poultry farming in $2015$ with financial year ending in December. DST Bhd engaged Mr Kevin to be the accountant for the company to prepare the financial statements as per Malaysian financial reporting requirement. On $30$ May $2015,$ the company purchased $10,000$ chickens at the cost of RM$95,000.$ As at $31$ December $2015,$ the fair value of the chicken is estimated to be RM$101,100$ and the cost of sell are estimated to be RM$1,000.$

Required:

Discuss the accounting treatment for the transaction above.