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

A company's inventory records indicate the following data for the month of January: If the company uses the LIFO periodic inventory system, what is the value of cost of goods sold