Final answer:
The value of inventory at the end of the year using FIFO cannot be calculated without the prices and dates of the lots purchased. FIFO would typically use the most recent purchase prices to value the ending inventory with rising prices.
Step-by-step explanation:
The question refers to the calculation of inventory value at the end of the year using the first-in, first-out (FIFO) method under a periodic inventory system. With FIFO, during a period of consistently rising prices, the ending inventory consists of the units bought last at the higher prices. To calculate the inventory value at year-end, we would need to know the individual lot prices for the units, but since the chart is missing, we can't determine an exact number. The inventory valuation under FIFO would take the costs of the most recent purchases and multiply those by the remaining quantity of inventory to determine the value of ending inventory.