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A company's inventory records show 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 show the following data for the month of January. Date Activities Units Acquired at Cost Units Sold at Retail January 1 Beginning inventory 360 units @ $9 = $3,240 January 5 Purchase 350 units @ $10 = $3,500 January 9 Sale 480 units @ $35 January 14 Purchase 380 units @ $11 = $4,180 January 20 Sale 330 units @ $35 January 30 Purchase 410 units @ $12 = $4,920 If the company uses the LIFO perpetual inventory system, what would be the cost of the ending inventory
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