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 460 units @ $18 = $ 8,280 Jan. 8 Purchase 440 units @ $20 = $ 8,800 Jan, 12 Sale 800 units @ $70 Jan. 17 Purchase 500 units @ $22 = $ 11,000 Jan. 23 Sale 350 units @ $70 Jan. 28 Purchase 560 units @ $24 = $ 13,440 If the company uses the LIFO perpetual inventory system, what would be the cost of the ending inventory? $16,780 $22,980 $22,080 $18,540. $7,700 QUESTION 4 A company's Inventory records indicate the following data for the month of April: Date Activities Units Acquired at Cost Units Sold at Retail Apr. 1 Beginning inventory 860 units @ $36 = $ 30,960 Apr. 7 Purchase 740 units @ $40 = $ 29,600 Apr. 11 Sale 1,320 units @ 5110 Apr 16 Purchase 660 units @ $44 - $ 29,040 Apr. 22 Sale 400 units @ $110 Apr. 29 Purchase 640 units @ $50 $ 32,000 The company uses a periodic inventory system. Determine the cost assigned to ending Inventory using the specific identification method Ending inventory consists of 410 units from the April 29 purchase, 360 units from the April 16 purchase, 370 units from the April 7 purchase, and 100 units from beginning inventory