Use this inventory information for the month of May to answer the following questions. 
Assuming that a perpetual inventory system is used,what is ending inventory on a LIFO basis?
Definitions:
Probability Of Loss
The likelihood or chance that an investment will result in a loss rather than a profit.
Positive Outcomes
The beneficial or desirable results achieved following specific actions or processes.
Risk Propensity
The inclination or tendency of an individual or organization to take or avoid risks.
Problem Framing
The way a problem is perceived or structured, heavily influencing the solutions considered.
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