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 difference in gross profit between the LIFO and FIFO inventory cost systems.
Definitions:
Restrictive Covenants
Clauses in a contract that limit or restrict actions the borrower may take during the term of the loan to protect the lender's interests.
Direct Placement
A method of raising capital by selling securities directly to institutional investors like pension funds and mutual funds without public offering.
Long-term Debt
Refers to loans or borrowed capital that is repaid over a time frame longer than one year.
Prototype Financing
The process of securing funds to design, build, and test a prototype before mass production, critical in the development of new products or technologies.
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