A Ltd owns 100% of B Ltd. B Ltd owns 100% of C ltd. During the financial year B ltd. sells inventory to A Ltd at a sale price of 200,000. The cost of inventory is 150,000. A Ltd sold the same inventory to C Ltd for 250,000 with no additional costs.

Q-1 What is the value of closing inventory in the Consolidated entity?

Q-2 What is the sale value of inventory in the consolidated entity? ( At year end, 50% of inventory is held by C Ltd.)