A company's inventory records indicate the following data for the month of January:

Date	Activities	Units Acquired at Cost					Units Sold at Retail
Jan. 1	Beginning inventory	500 units @ $18	=	$	9,000
Jan. 8	Purchase	480 units @ $20	=	$	9,600
Jan. 12	Sale						880 units @ $70
Jan. 17	Purchase	540 units @ $22	=	$	11,880
Jan. 23	Sale						370 units @ $70
Jan. 28	Purchase	600 units @ $24	=	$	14,400

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

		$8,140.
		$19,940.
		$18,500.
		$24,940.
		$23,920.