Use this inventory information for the month of August to answer the following question. 
Assuming that a perpetual inventory system is used,what is ending inventory on a FIFO basis?
Definitions:
Assisted Living
A residential option for elderly or disabled people who require some level of assistance with daily activities but do not need full-time care.
Independence
The state or quality of being self-governing and free from external control or support, often related to individuals or nations.
Raw Materials Inventory
The total cost of all the raw materials that are currently in stock and awaiting processing.
Specialty Key Chains
Products designed and manufactured with unique features or for specific niche markets, often used for personalization or as collectibles.
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