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 FIFO method?
Definitions:
Organise Resources
The process of efficiently and effectively deploying and allocating organizational assets, including financial, human, and material resources.
Allocate Resources
The act of distributing available assets, such as time, money, and manpower, among various projects or departments to achieve organizational goals.
Strategic Management
The formulation, implementation, and evaluation of actions and decisions that will enable an organization to achieve its long-term objectives.
Environmental Scanning
Environmental scanning is the process of systematically gathering, analyzing, and managing external information about factors that could impact an organization's ability to succeed.
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