Williams Company had the following balances and transactions during 2013. 
What would the company's inventory amount be on the 31 December 2013 balance sheet if the perpetual LIFO method is used? (Answers are rounded to the nearest dollar.)
Definitions:
Job Security
The probability that an individual will retain their job over time without the risk of becoming unemployed.
Potential For Advancement
The opportunity or likelihood for progress, growth, or promotion within a career or professional field.
Small Company
A business with a small number of employees and a low volume of sales compared to larger companies in its industry.
Positive Statement
A statement that can be tested and validated; it describes what is and not what should be.
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