The company provides you with the information that is related to stock valuation at the end of the year. Opening stock RO 80,000, Goods purchased RO 130,000. Sales RO 210,000. Margin 40% on cost. The stock is expected to be sold at RO 65,000 as they were shop soiled. You are required to calculate the following:

1. Cost of the closing inventory:

2. Value of closing inventory at the end of the year as per IAS 2:

3. Amount of closing inventory to be written down at the end of the year: