The units of Manganese Plus available for sale during the year were as follows: 
There are 15 units of the product in the physical inventory at November 30. The periodic inventory system is used. Determine the difference in gross profit between the LIFO and FIFO inventory cost systems.
Definitions:
Loan
A sum of money that is borrowed, usually from a financial institution, which requires repayment with interest over a set time frame.
Invested Funds
Money allocated into financial ventures with the expectation of achieving a profit or gaining an income.
Accumulate
The process of gathering or increasing an amount of something over a period of time.
Compounded Annually
The calculation of interest on both the initial principal and the accumulated interest from past periods once a year.
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