The following lots of a particular commodity were available for sale during the year: 
The firm uses the periodic system and there are 20 units of the commodity on hand at the end of the year. What is the amount of inventory at the end of the year according to the FIFO method?
Definitions:
Socialization Process Model
A framework describing how individuals learn social skills, norms, and behaviors to adapt successfully to their environment.
Uncertainty Reduction
A theory describing how individuals seek information and cues to better understand situations or other people, thereby reducing the ambiguity of social interactions.
Role Management
The process of defining, assigning, and overseeing the functions and responsibilities within an organization or system.
Conformity Behaviour
The act of matching attitudes, beliefs, and behaviors to group norms or societal expectations.
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