A company's inventory records indicate the following data for the month of January Units Sold at Retail Date January 1 January 8 January 12 January 17 January 23 January 28 Activities Beginning inventory Purchase Sale Purchase Sale Units Acquired at Cost 360 units @ $18 = $6,480 340 units @ $20 = $6,800 600 units @ $70 400 units @ $22 = $8,800 300 units @ $70 Purchase 460 units @ $24 = $11,040 If the company uses the LIFO perpetual inventory system, what is the value of cost of goods sold