Use the following information for questions . 
-What should be the inventory reported on Queen's July 31 statement of financial position using the FIFO inventory method?
Definitions:
Treasury Bills
Short-term government securities with maturity periods typically less than one year, considered low-risk investments.
Long Bonds
Bonds with maturities typically longer than 10 years, often used to lock in interest rates.
Variance
A statistical measure that captures the dispersion of a set of data points around their mean, indicating how spread out the data is.
Probability Range
A span of values within which a random variable is expected to fall, governing the likelihood of different outcomes.
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