Question 3 Not yet answered Marked out of 1 P Flag question From the following particulars of Globe net LLC, compute the restated value of closing inventory under CPP method if LIFO method is followed: Opening Inventory--OMR 40,000;Purchases --OMR 100,000;Closing Inventory--OMR 30,000; Price index in the beginning of the year is 80;Price index at the end of the year is 100;Average price index is 90. a. OMR 40,000 O b. OMR 30,000 O C. OMR 90,000 O d. OMR 37,500