MUTIARA HATI ENTERPRISEINVENTORY VALUATION STATEMENT

31 DECEMBER 2011PurchasesRM RM

No. Of Unit ExtendedDate Units Cost Amount

01/01/2011 700 35 2450005/01/2011 500 36 1800015/03/2011 500 40 2000010/05/2011 500 42 2100008/07/2011 500 41 2050016/09/2011 500 39 1950006/11/2011 500 38 19000

TOTAL AVAILABLE FOR SALE 3700 142500

CLOSING STOCK 1000

Inventory ValuationsFIFO AVERAGE COST

CLOSING STOCK 38500

MUTIARA HATI ENTERPRISETRADING ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2011

FIFO

SALES 161800

OPENING STOCK 24500ADD : PURCHASES 118000LESS : CLOSING STOCK (38500)COST OF GOOD SOLD 104000

GROSS PROFIT 57800

MUTIARA HATI ENTERPRISEINVENTORY VALUATION STATEMENT

31 DECEMBER 2011SalesRM RM

No. Of Unit ExtendedDate Units Cost Amount

03/01/2011 200 55 1100012/02/2011 350 56 1960028/03/2011 400 61 2440015/05/2011 1000 63 6300003/08/2011 150 60 900004/12/2011 600 58 34800

TOTAL SALES 2700 161800

Inventory ValuationsLIFO

38514 35300

MUTIARA HATI ENTERPRISETRADING ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2011

WEIGHTED AVERAGE LIFO

161800 161800

24500 24500118000 118000(38514) (35300)103986 107200

57814 54600