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 inventory cost by (a) FIFO, (b) LIFO, and (c) average cost methods.
Definitions:
Carrying Value
The book value of an asset or liability, calculated as the original cost minus accumulated depreciation, amortization, or impairment costs.
Current Tax Liability
The amount of taxes due to be paid to the taxing authorities within the next financial period, typically within one year.
Accounting Profit
The difference between accounting revenues earned and accounting expenses incurred.
Depreciation
An accounting method of allocating the cost of a tangible asset over its useful life.
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