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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 410 units @ $18 = $7,380
January 8 Purchase 390 units @ $20 = $7,800
January 12 Sale 700 units @ $70
January 17 Purchase 450 units @ $22 = $9,900
January 23 Sale 325 units @ $70
January 28 Purchase 510 units @ $24 = $12,240

If the company uses the LIFO perpetual inventory system, what would be the cost of the ending inventory?

$7,150.

$16,790.

$14,630.

$19,780.

$20,530.

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