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A company's inventory records indicate the following data for the month of January 1 Date points January 1 January 8 January 12 Activities Beginning inventory
A company's inventory records indicate the following data for the month of January 1 Date points January 1 January 8 January 12 Activities Beginning inventory Purchase Sale Units Acquired at Cost 460 units @ $18 = $8,280 440 units @ $20 = $8,800 Units Sold at Retail 800 units @ $70 eflook January 17 Ask Pr January 23 January 28 Purchase Sale 500 units @$22 - $11,000 350 units @ $70 Purchase 560 units @ $24 = $13,440 References If the company uses the LIFO perpetual inventory system, what would be the cost of the ending inventory? Multiple Choice
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