Pappy's Staff Junkets has the following inventory information. 
Assuming that a perpetual inventory system is used, what is the ending inventory on a LIFO basis?
Definitions:
Guaranteed Annual Rate
The minimum annual return promised to an investor by an investment product, regardless of market conditions.
Fixed Rate
An interest rate that remains the same throughout the entire term of a loan, investment, or financial product.
Stocks
Shares of ownership in a company that entitle the holder to a claim on part of the company’s assets and earnings.
Present Value
The current-day worth of an anticipated future money amount or cash flow sequences, calculated using a particular rate of return.
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