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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
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 360 units @ $18- $6,480 January 8 Purchase 340 units @ $20 - $6,800 600 units @ $70 January 12 Sale January 17 Purchase 400 units @ $22 - $8,800 300 units @ $70 January 23 Sale January 28 Purchase 460 units @ $24 = $11,040 If the company uses the LIFO perpetual inventory system, what would be the cost of the ending inventory? O $17,480. O $6,600. O $12,480. O $15,040
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