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

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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 360 units @ $18= $6,480
January 8 Purchase 340 units @ $20= $6,800
January 12 Sale 600 units @ $70
January 17 Purchase 400 units @ $22= $8,800
January 23 Sale 300 units @ $70
January 28 Purchase 460 units @ $24= $11,040
If the company uses the LIFO periodic inventory system, what would be the cost of the ending inventory?
Multiple Choice
$6,600.
$15,040.
$12,480.
$18,080.
$20,640.

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