Al Rasasi LLC is a producer and dealer of cosmetic products in middle east countries. Their supply chain is spread over 15 countries. They produce a wide range of perfumes and cosmetic accessories since 1983. They import a wide range of natural mgredients like aromatic wood, flowers, fruits, roots, and gums. The estimated selling price of the perfume bottle per unit is 98 OMR. They extract Coconuts from the natural ingredients and further process them to manufacture perfumes. The following are the details of the standard cost involved in the manufacturing of perfumes (per unit in OMR) Particulars Raw the material of ingredients list price Direct labor charges Imported Material handling charges Production manager supervision salary Receiving and inspection cost Sales commission to salesmen Material storage cost prior to production Finance manager salary Legal expenses to recover debt from credit customers Additionally, the company get a 2% rebate on the price list of material the company has also furnished another overhead cost in relation to 800 units that are as follows Other administrative overheads OMR 8,000 Other selling and distribution cost OMR 16,000 Other factory management and administration cost OMR 2,400 Required a) From the given information you are required to find the cost of inventory, the net! realizable value of the inventory, and write down the amount for 800 units in the (books of Al Rasasi LLC. (round off) (6 Marks Required: based on IAS 2, would you consider empty bottles as inventory under the balance sheet or not. Justify your answer. b) Dreamland company is an entertainment and amusement service providing company. daily thousands of customers visit their amusement park, enjoy the rides, and spend good time the dreamland company also sells food, and beverages to its customers. The visitor to the amusement park is not allowed to bring food and beverages from outside. Inside the amusement park, the company after serving beverages collects back the empty bottles and has the policy to maintain a detailed record, the procedure for an accounting of these leftover empty bottles. Later these empty bottles are sold by the dreamland company to outside dealers by a call of tenders. The company sells the empty bottles to the highest bidder Required: based on IAS 2, would you consider empty bottles as inventory under the balance sheet or not. Justify your