Units Cost Inventory, Jan 1 8000 $11 Purchase June 21 13000 $12 Purchase Dec 21 5000 $13 If 9000 units are on hand at the end of the year, what is the cost of ending inventory using LIFO inventory system. The asset section of the balance sheet is arranged in order of: liquidity profitability highest balance first lowest balance QUESTION 6 Which represents inventory that is made up of fully competed products that are ready for shipment to customers? Finished Goods Work in process Ready to ship Raw Material