Please answer in word form and not in note pad.

QUESTION 2 As at the financial year-end of 31 December x4, Mixer Sdn. Bhd. had 60,000 units of finished product Model XS mixer. Cost of one unit of Model XS mixer was RM2,000 and the selling price was RM2,600 per unit. Selling costs were negligible. One thousands two hundred units of the finished product Model XS mixer were committed to a binding sales contract of RM2,800 per unit which would be delivered on 15 January x5. Continued... NJ BAC2634 FINANCIAL ACCOUNTING & REPORTING II 25 SEPT. 2021 On 3 January x5, the selling price of these products declined to RM1,800 each. Required: In accordance to the MFRS102 Inventories: a) Compute the value of the inventory as at 31 December x4. (3 marks) b) Compute the value of the inventory as at 31 December x4 after the decline in the sale price on 3 January 25. (6 marks) c) Illustrate the guidance pertaining to the writing down of inventories to NRV. (6 marks)