Question
TB MC Qu. 05-100 (Algo) A company's inventory records indicate the following... A company's inventory records indicate the following data for the month of
TB MC Qu. 05-100 (Algo) A company's inventory records indicate the following... A company's inventory records indicate the following data for the month of January: Date Activities January 1 Beginning inventory January 8 Purchase January 12 Sale January 17 Purchase January 23 January 28 Sale Purchase Units Acquired at Cost 510 units @ $18 = $9,180 490 units @ $20 Units Sold at Retail = $9,800 900 units @ $70 550 units @ $22 = $12,100 375 units @ $70 610 units @ $24 = $14,640 If the company uses the LIFO perpetual inventory system, what would be the cost of the ending inventory?
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