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Qn 2a). Nikon Company counted the inventory. The company found that their total products were of Rs 400,000. The details of the company are provided

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Qn 2a). Nikon Company counted the inventory. The company found that their total products were of Rs 400,000. The details of the company are provided below. Provide the solution and explain how the following information may affect the total inventory. 1. Nikon has included those products which were held on the basis of consignment for Silicon Company amounting to Rs 18000. (2 marks) w 2. Nikon corporation did not counted the purchased products of Rs 12,000 which are in the transit phase (FOB shipping point) (2 marks) 3. Nikon did not counted inventory that it has sold costing Rs 4000, the products were in transit (FOB shipping point) (1 mark)

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