Questions on Mock 2 from BPP Revision Kit

Dear Sir,

could you please help me with the following questions on Mock 2 from BPP:

A Section N 10

I didn’t get the logic of the answer at all. With Inventory we use the lower of CA or FV. The lower here 600000. Why do they use fair value? And how do they calculate the adjustments?

A Section N 14
Isn’t NCI a part of equity? Why don’t we include it (NCI’s share of profit) into equity?

B Section N 25

Could you please describe the logic of retaining the rights and transferring the rights and the resulting entries? I didn’t get it at all.

This variant was particularly hard for me.

Thank you so much in advance!