Syarikat Jade buys and sells flower pots. The following information comes from the records kept by the business for the financial year ended December 2020. Details Units Unit Cost (RM) 50 6.00 Date 2020 Jan 1 Feb 12 May 10 Aug 25 Sept 1 Nov 7 Dec 21 8.00 Balance b/d Sales Purchases Sales Purchases Sales Purchases 30 100 110 200 150 50 7.00 8.00 Required: Syarikat Jade adopts the periodic inventory system using the first-in-first-out (FIFO) method. Compute the closing inventory value of the flower pots at 31 December 2020. Show all workings