A company’s inventory records indicate the following data fo…
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 440 units @ $18 = $7,920 January 8 Purchase 420 units @ $20 = $8,400 January 12 Sale 760 units @ $70 January 17 Purchase 480 units @ $22 = $10,560 January 23 Sale 340 units @ $70 January 28 Purchase 540 units @ $24 = $12,960 If the company uses the LIFO perpetual inventory system, what would be the cost of the ending inventory?
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