The Units of Product YY2 Available for Sale During the Year

question 42

Essay

The units of Product YY2 available for sale during the year were as follows: $\begin{array}{lllll}\text { Apr 1 } & \text { Inventory } & 16 \text { units } & \text { at } & \$ 30 \text { each } \\\text { Jun 16 } & \text { Purchase } & 30 \text { units } & \text { at } & \$ 33 \text { each } \\\text { Sep 28 } & \text { Purchase } & 45 \text { units } & \text { at } & \$ 37 \text { each }\end{array}$ ?
There are 15 units of the product in the physical inventory at March 31.The periodic inventory system is used.Determine the difference in gross profit between the LIFO and FIFO inventory cost systems.

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Definitions:

Windpipe

Also known as the trachea, a tube that connects the pharynx and larynx to the lungs, allowing the passage of air.

Respiration

The process by which living organisms exchange gases with their environment, involving the intake of oxygen and the release of carbon dioxide.

Sleep Apnea

A sleep disorder characterized by pauses in breathing or periods of shallow breathing during sleep, leading to disrupted sleep and potential health issues.

Snoring

The sound produced during sleep when the flow of air causes tissues in the airway to vibrate, often due to obstruction in the nasal passage or throat.