Annual report pursuant to Section 13 and 15(d)

Inventory

v3.21.2
Inventory
12 Months Ended
Aug. 31, 2021
Inventory  
7. Inventory

7. Inventory

 

 

 

August 31

 

 

August 31

 

 

 

2021

 

 

2020

 

 

 

 $

 

 

$

 

Raw materials

 

 

29,648

 

 

 

51,404

 

Work in progress

 

 

-

 

 

 

15,705

 

Finished goods

 

 

-

 

 

 

49,762

 

 

 

 

29,648

 

 

 

116,871

 

 

During the year ended August 31, 2021, the Company divested its operations in on-line sales of consumer products and as a result finished goods inventory valued at $44,851 was expensed as advertising and promotion with the goods being donated to a registered charity. A further $2,482 (2020 - $8,240) of inventory was written off to reflect its net realisable value.