The Exclusive Company uses the perpetual inventory system. The Exclusive Company has the following data available for the month of January:

Date	Transaction	Units	Unit Cost
Jan. 1	Beginning inventory	420	$1.00
Jan. 9	Purchase	320	$1.10
Jan. 10	Sale	420
Jan. 15	Purchase	420	$1.16
Jan. 18	Sale	320
Jan. 24	Purchase	420	$1.26

What is the cost of ending inventory on January 31 using LIFO?

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Part 1

A.

$823.20

B.

$965.20

C.

$1,016.40

D.

$888.00