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The records of Ramico. show the following data in June 30, 2020, Date Explanation Unit Unit Cost Total Cost 1/6 Beginning 60 OMR 5 inventory 10/6 Purchase 507 15/6 Purchase 508 25/6 Purchase 709 During the month inventory Sold on June 30 was 120 units. Using the FIFO Method, the Cost of ending Inventory equal: Select one: a. 1050 b. 1250 c. 950 d. 930 e. 1680 Question 8 Not yet answered Marked out of 2.00 P Flag question Revenue has a credit balance of OMR 15,000 in Muscat Co. if the closing entry will made at the year end, The entry to close Revenue is: Select one: a. debit Revenue OMR15,000, credit Income Summary OMR15,000 b. debit Income Summary OMR15,000, credit Revenue OMR15,000 c. debit Income Summary OMR20,000, credit Revenue OMR20,000 d. debit Revenue OMR15,000, credit Ahmad, Capital OMR15,000 estion 7 Accounts Dr Cr ot yet aswered Cash OMR 50,000 arked out of 00 Accounts receivable 20,000 Flag Jestion Supplies 10,000 Prepaid expenses 12,000 160,000 10,000 Buildings -at cost Accumulated depreciation - Buildings Notes payable (due in 2 months) Accounts payable 30,000 30,000 Interest payable 12,000 Unearned service revenue 10,000 Shared- 120,000 Capital Service revenues 100,000 Salaries Expenses 40,000 Depreciation Expenses 10,000 Utilities Expenses 30,000 Dividends 10,000 Total 342,000 342,000 If this information was used to prepare a statement of financial position, Total Liabilities should be: Select one: a. 102,000 Ub. 110,000 c. 82,000 d. 92,000 e. None of the answers are correct