The following lots of a particular commodity were available for sale during the year: 
The firm uses the periodic system and there are 25 units of the commodity on hand at the end of the year.
What is the amount of the inventory at the end of the year using the LIFO method?
Definitions:
Corporation
A business organized as a separate legal entity owned by stockholders.
Legal Capital
The amount of capital that must be maintained in the business as a safeguard for creditors, represented by the par value of issued shares.
Earnings Per Share
A metric that shows the portion of a company's profit allocated to each outstanding share of common stock.
Common Shareholders
Individuals or entities that own common shares in a corporation, granting them voting rights and a share in the company's profits via dividends.
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