The weapons to be found in the room are: 1 rapier, 1 shortword, 1 dagger and 4 handcrossbows All of which are MasterWork Items (which means they cost a hell of a lot more and are a hell of a lot better than normal items, still not magical tho)
There are 2 suits of Studded Leather armour to be found, also MasterWork.
Ander on the body of the mage you find 4 scrolls, two for magic missile, one for mage armour and one for invisibility. (I'll explain how casting spells from scrolls works later on)
Still more to be looked at people. -Also try to keep squabling over loot, especially armour till after this episode. Both suits are damaged now anywayz.-