A company's inventory records indicate the following data for the month of January: Date January 1 Activities Beginning inventory Purchase January 8 January 12 January 17 Sale Purchase January 23 January 28 Sale Purchase Units Acquired at Cost = 360 units @ $18 $6,480 340 units @ $20 = $6,800 400 units @ $22 = $8,800 460 units @$24 = $11,040 If the company uses the LIFO periodic inventory system, what is the value of cost of goods sold? Units Sold at Retail 600 units @ $70 300 units @ $70 Multiple Choice $17,680. $18,080.