Using the information given below for a company that uses a perpetual inventory system, calculate the ending inventory using LIFO.
Definitions:
Reliability
The degree to which an assessment tool produces stable and consistent results.
Validity
The extent to which a test measures what it claims to measure.
Internal Consistency
A measure of reliability assessing the degree to which different test items that propose to measure the same general construct produce similar results.
Item Score
The value or mark assigned to an individual response on a test or assessment.
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