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The inventory value for the financial statements of Kombucha Sdn. Bhd. for the year ended 31 December 2019 was based on an inventory count on
The inventory value for the financial statements of Kombucha Sdn. Bhd. for the year ended 31 December 2019 was based on an inventory count on 4 January 2020, which gave a total inventory value of RM836,200. Between 31 December 2019 and 4 January 2020, the following transactions took place: Purchases of goods Cost of goods sold Goods returned by Kombucha to supplier RM 8,600 4,200 700 The adjusted figure for inventories at 31 December 2019 is [A]
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