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	460 units @ $18 = $8,280
January 8	Purchase	440 units @ $20 = $8,800
January 12	Sale		800 units @ $70
January 17	Purchase	500 units @ $22 = $11,000
January 23	Sale		350 units @ $70
January 28	Purchase	560 units @ $24 = $13,440

If the company uses the LIFO perpetual inventory system, what would be the cost of the ending inventory?

Multiple Choice

$7,700.

$18,540.

$16,780.

$22,080.

$22,980.