A company has inventory on hand at year$-$end $(31$ December $2021)$ that it expects to be able to sell in the ordinary course of business for Rs$.10,000.$ The cost of these inventorios is Rs$.7,000.$ In order to sell this inventory, the company expects to incur selling costs of Rs$.2,000$ and expects to incur further costs of Rs$,3,000$ to put this inventory into a saleable condition.

Required:

a$.$ Catculate the net realizable value

b$.$ Calculate any possible write$-$down and

c$.$ Joumalize any write$-$down necessary.

d$.$ Show where the write$-$down would be included and disclosed in the financial statements.