please provide full answers for both questions

Examples Khalil Distribution Co. has determined its December 31, 2020, inventory on a FIFO basis at JD 250,000. The company had a contract to sell 50% of its inventory to Ali at a price of JD 130,000 without incurring any expenses to complete the sale. The rest was net realizable value of JD 120,000. Instructions: Under the lower-of-cost-or-net realizable value method, Khalil's inventory at December 31, 2020 was. Example (5): Hadi Company sells its goods at a profit of 40% of sales, Hadi Company's accounting records indicated the following information on 31/12/2020 Sales 400,000 260,000 Inventory, 1/1/2020 60,000 Purchases 120,000 Instructions On December 31, 2020, all the inventory was burned, the estimated cost of the burnt inventory is