Inaka holds three inventory classes: Terminal and cellular phone units, Spare parts and supplies, and Others. Relevant information about its inventories as at December 31, 2019 and 2018 are as follows:

During the current year, the company sold spare parts and supplies costing P83 million. The estimated selling price, net of estimated cost to sell for these items amounted to P47million as at December 31, 2018.

At year-end, non-moving inventories costing P469 million (P356 million for terminal and cellular phone units and P113 million for others), considered as worthless, were written off. As at December 31, 2018, the net realizable value of such items amounted to P201 million and P63 million, for terminal and cellular phone units and others, respectively. Below is an excerpt of the companys policy regarding inventory:

Based on the above information, answer the following:

1. The inventory to be reported on the statement of financial position as at December 31, 2018 is?

2. The inventory to be reported on the statement of financial position as at December 31, 2019 is?

3. Based on the reconciliation of the "Allowance for Inventory Write-down" account, how much is the provision for inventory write-down for the year ended December 31, 2019?

4. Based on the reconciliation of the "Allowance for Inventory Write-down" account, how much is the recovery of prior years' inventory write-down for the year ended December 31, 2019?

5. Based on the reconciliation of the "Allowance for Inventory Write-down" account, how much is the balance of the account as at December 31, 2019?

Inventory Class Terminal and and cellular phone units Spare parts and supplies Others December 31, 2019 December 31, 2018 Cost NRV Cost NRV (In million Pesos) 4,584 2,828 3,721 3,235 948 576 835 539 829 340 975 822 Note 3 - Management's Use of Significant Judgments, Estimates and Assumptions Estimating Net Realizable Value of Inventories The Company writes down the cost of inventories whenever net realizable value of inventories becomes lower than cost due to damage, physical deterioration, obsolescence, changes in price levels or other causes. The lower of cost and net realizable value of inventories is reviewed on a monthly basis to reflect the accurate valuation in the financial records. Inventory items identified to be obsolete and unusable are also written- off and charged as expense for the period. Inventory obsolescence, market decline and variances written-down as expense is included under "Asset impairment account in the statement of comprehensive income. Reversal of previous write-downs of inventories to net realizable values is included as part of Recovery on write-down off inventories in the statement of comprehensive income