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Muscat Company has the following cost and expense data for the year ending December 31, 2019 items Cost Items Cost Raw materials, 1/1/2019 OMR 30,000

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Muscat Company has the following cost and expense data for the year ending December 31, 2019 items Cost Items Cost Raw materials, 1/1/2019 OMR 30,000 Insurance, factory OMR 14.000 Raw materials, 12/31/2019 20,000 Property taxes, factory building 6,000 Raw materials purchase during 2019 205,000 Sales revenue 1,500,000 Indirect materials 15,000 Delivery expenses 100,000 Work in process, 1/1/2019 80,000 Sales commissions 150,000 Work in process: 12/31/2019 50,000 Indirect labor 90.000 110,000 Finished goods, 1/1/2019 Factory machinery rent 40,000 120,000 Finished goods, 12/31/2019 65,000 Factory utilities 350,000 Direct labor 34,000 Depreciation factory building 35.000 Administrative expenses 300.000 Factory manager's salary Assume that Superior Company's accounting records show the balances of the following current OMR 17.000, Accounts Receivable (net) OMR 120,000, Prepaid Expenses OMR 29.000 the total current assets section of the balance sheet for Muscat Company as of December 31 2018 will Finished goods, 12/31/2019 120,000 15.000 Direct labor 350,000 Factory utilities Depreciation factory building Administrative expenses M000 Factory manager's salary 35,000 100.000 Assume that superior Company's accounting records show the balances of the following current is account Car OMR 17,000, Accounts Receivable (net) OMR 120,000, Prepaid Expenses OMR 33.000 the total current assets section of the balance sheet for Muscat Company as of December 2018 will be Select one: 0.366,000 b. 190,000 633,000 d. 176,000 None of the answers are correct

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