A company had the following purchases and sales during its first year of operations: PurchasesSales January: 22 units at $180 14 units February: 32 units at $185 12 units 27 units at $190 16 units September: 24 units at $195 15 units November: 22 units at $200 28 units May: On December 31, there were 42 units remaining in ending inventory. Using the Perpetual LIFO inventory valuation method, what is the cost of the ending inventory? (Assume all sales were made on the last day of the month.) Multiple Choice $9,387 $7,815 9,315