Multiple Choice
Snug-As-A-Bug Blankets has the following inventory data: 
Assuming that a perpetual inventory system is used, what is the cost of goods sold on a LIFO basis for July?
Perform addition and subtraction operations with fractions and mixed numbers.
Master reducing fractions to their lowest terms.
Understand and apply fraction multiplication and the reduction of products to lowest terms.
Compute total amounts across various practical contexts (e.g., agricultural plots, travel distances, jewelry making).
Definitions:
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