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 500 units @ $18 = $9,000 January 8 Purchase 480 units @ $20 = $9,600 January 12 Sale 880 units @ $70 January 17 Purchase 540 units @ $22 = $11,880 January 23 Sale 370 units @ $70 January 28 Purchase 600 units @ $24 = $14,400 If the company uses the LIFO perpetual inventory system, what would be the cost of the ending inventory? Multiple Choice $8,140. $19,940. $18,500. $23,920