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Elda Company has the following purchase and sales data. Note: There was no inventory before the purchase made on January 1. Purchased on January 1

Elda Company has the following purchase and sales data. Note: There was no inventory before the purchase made on January 1. Purchased on January 1 50 units, $9 cost per unit Purchased on January 16 150 units, $8 cost per unit Purchased on January 25 200 units, $7 cost per unit Sold on January 31 225 units, $15 selling price per unit Assume that the company uses **LIFO**. Compute ENDING INVENTORY for January.

$1,450

$1,600

$1,225

$1,825

$1,334

$1,550

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