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A company's inventory records indicate the following data for the month of January: Units Sold at Retail Units Acquired at Cost 390 units @ $18
A company's inventory records indicate the following data for the month of January: Units Sold at Retail Units Acquired at Cost 390 units @ $18 = $7,020 370 units @ $20 = $7,400 Date January 1 January 8 January 12 January 17 January 23 January 28 Activities Beginning inventory Purchase Sale Purchase Sale Purchase 660 units @ $70 430 units @ $22 = $9,460 315 units @ $70 490 units @ $24 = $11,760 If the company uses the LIFO perpetual inventory system, what would be the cost of the ending inventory
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