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Use the following information for questions:
A company had the following inventory activity during January:
-If the company is using a perpetual system and the FIFO costing assumption, what is the ending inventory closest to?
Obligation to Mitigate
The duty of a party who has suffered damages to take reasonable action to minimize the amount of the loss.
Torts Committed
Acts or omissions that cause harm or loss, leading to civil legal liability under tort law.
Fiduciary Duty
An obligation wherein an individual must act in the best interest of another person or entity, prioritizing their benefits over their own.
Serious Misconduct
Serious misconduct is a severe behavior or action by an employee that breaches workplace rules or standards to such an extent that it justifies immediate dismissal.
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