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A company's inventory records indicate the following data for the month of January: Date Activities...

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Accounting

A company's inventory records indicate the following data for the month of January: Date Activities Units Acquired at Cost Units Sold at Retail January 1 Beginning inventory 370 units @ $18 = $6,660 January 8 Purchase 350 units @ $20 = $7,000 January 12 Sale 620 units @ $70 January 17 Purchase 410 units @ $22 = $9,020 January 23 Sale 305 units @ $70 January 28 Purchase 470 units @ $24 = $11,280 If the company uses the LIFO perpetual inventory system, what would be the cost of the ending inventory? Multiple Choice

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