Public Berhad owns 75% of the issued equity share capital of Kelly Berhad. At the year end, Kelly Berhad held inventories valued at RM160,000 and Public Berhad held inventories valued at RM90,000. The inventories held by Kelly Berhad included RM20,000 of goods purchased from Public Berhad at a profit margin of 30%. There was also inventories in transit between the 2 companies which Public sold to Kelly earlier; this amounted to a further RM10,000 at selling price.
Calculate the value that the inventories should appear in the consolidated statement of financial position.

Where the purchase price of an acquisition is less than the aggregate fair value of the net assets acquired, explain the accounting treatments for the difference as required by MFRS 3, Business Combination.