A company's inventory records indicate the following data for the month of January: Date Activities January 1 Beginning inventory Purchase January 8 January 12 January 17 Purchase Sale January 23 January 28 Sale Purchase Units Acquired at Cost 360 units @ $18 = $6,480 340 units @ $20 Units Sold at Retail $6,800 600 units @ $70 400 units @$22 = $8,800 460 units @$24 = $11,040 300 units @ $70 If the company uses the LIFO perpetual inventory system, what would be the cost of the ending inventory?