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A companys inventory records indicate the following data for the month of January: Date Activities Units Acquired at Cost Units Sold at RetailJanuary 1 Beginning
A companys inventory records indicate the following data for the month of January: Date Activities Units Acquired at Cost Units Sold at RetailJanuary 1 Beginning inventory 450 units @ $18 = $8,100 January 8 Purchase 430 units @ $20 = $8,600 January 12 Sale 780 units @ $70January 17 Purchase 490 units @ $22 = $10,780 January 23 Sale 345 units @ $70January 28 Purchase 550 units @ $24 = $13,200 If the company uses the LIFO perpetual inventory system, what would be the cost of the ending inventory?Multiple Choice$7,590.$18,190.$16,350.$21,620.$22,490.
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