Use this information to answer the following question. 
A periodic inventory system is used.
-Ending inventory under LIFO is
Definitions:
Capital Structure
The mixture of debt and equity financing a company uses to fund its operations and grow.
Debt-equity Ratio
A measure used to assess a company's financial leverage, calculated by dividing its total liabilities by its shareholder equity.
Weighted Average Cost of Capital
The rate that a company is expected to pay on average to all its security holders to finance its assets, weighting the cost of each source of capital (equity, debt, etc.) by its proportion in the capital structure.
Optimal Capital Structure
The ideal mix of debt and equity financing that minimizes a company's cost of capital and maximizes shareholder value.
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