2. AI Ameen LLC spent RO, 12,000 as materials oont and RO. 3000 in labor cont to produce a product. If the material cost include a cont of abnormal wastage due to an induntrial accident RO, 1200 and tabor cont include a cont of overtime given to workern to complete the product RO 300, how much is the cost of inventory? A. RO. 14,600 B. RO. 13,800 C. RO. 15,000 D. RO. 15,300 3. A company has incurred RO. 4500 to produce a product (inventory). If the company sell the inventory now, it can anly RCt RO. 4000 due to changes in the technology used in that product. How much cost should the company record in their books of account for this particular inventory? A. RO. 4500 B. RO. 4000 C. RO. 8500 D. Cannot decide, as information is incomplete. 4. Identify the items which are not come under "cost of purchase" of an item as per IAS2 A. Mr. Mazin paid RO. 15,000 to purchase raw material from India. B. Ms. Sara paid Ro. 650 as import duty while importing some materials from China. C. Mr. Salim paid a tax to ministry of commerce for importing some specific goods from Germany and once the consignment reaches Oman, ministry is going to refund the same to Mr. Salim. D. Ms. Shaima paid Ro. 150 for carrying newly imported material from Port to her factory premises. 5. A company issued shares of RO. 2.3 million in a particular year. In the same year the company repaid its long-term loan RO. 1.2 million. The company received a sum of RO. 5680 from debtors in the same year. What is the cash flow from financing activities? A. RO3,500,000 B. RO3,505,680 C. RO3,494,320 D. None of the given options 6. A company has production capacity of 8000 units in a year. Due to low demand, company now produces only 5000 units. If fixed factory overheads RO. 4000 per year based on normal capacity, how much amount is chargeable to the cost of inventory? A. RO. 2 B. RO, 0.5 C. RO. 1.25 D. None of the given options Page 5 of 8