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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

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 450 units @ $18= $8,100
January 8 Purchase 430 units @ $20= $8,600
January 12 Sale 780 units @ $70
January 17 Purchase 490 units @ $22= $10,780
January 23 Sale 345 units @ $70
January 28 Purchase 550 units @ $24= $13,200


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




  

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