Use this information to answer the following question. 
A periodic inventory system is used; ending inventory is 150 units.
What is ending inventory under the average-cost method?
Definitions:
Natural Person
An individual human being, as opposed to a legal entity like a corporation or government.
Legal Bound
Being officially restrained by law or legally obliged to perform or refrain from performing certain actions.
Presumptions
Assumed facts or principles that are taken as true until disproven, often used in legal contexts.
Intent
The determination or resolve to perform a particular act, often playing a significant role in determining the outcome of legal actions.
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