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A company's inventory records indicate the following data for the month of January: Activities Date January 1 Beginning inventory January 8 Purchase January 12 Sale
A company's inventory records indicate the following data for the month of January: Activities Date January 1 Beginning inventory January 8 Purchase January 12 Sale January 17 Purchase January 23 Sale January 28 Units Acquired at Cost 560 units @ $18= $10,080 540 units @ $20 $10,800 600 units @ $22= $13,200 Purchase -= = Units Sold at Retail 1,000 units @ $70 400 units @ $70 660 units @ $24 $15,840 If the company uses the LIFO perpetual inventory system, what would be the cost of the ending inventory?
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