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

Date	Activities	Units Acquired at Cost	Units Sold at Retail
January 1	Beginning inventory	550 units @ $18 = $9,900
January 8	Purchase	530 units @ $20 = $10,600
January 12	Sale		980 units @ $70
January 17	Purchase	590 units @ $22 = $12,980
January 23	Sale		395 units @ $70
January 28	Purchase	650 units @ $24 = $15,600

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

rev: 11_02_2021_QC_CS-281536

Multiple Choice

• $8,690.

• $21,690.

• $20,650.

• $26,220.

• $27,390.