Question 15 (3 points) Saved Elliot Co. opened its doors for business on January 1st of 2022. Below is a chart outlining the purchases and sales of inventory for Elliot's first month of business: 8 Date Event Units Price 1/3 Purchase Inventory 20 $20/unit 1/6 Purchase Inventory $25/unit 1/9 Sell Inventory 15 $50/unit 1/11 Purchase Inventory 530/unit 1/14 Purchase Inventory 9 $40/unit 1/15 Sell Inventory 20 $55/unit Elliot Co. uses the perpetual system to account for its inventory. 7 Assuming Elliot Co. uses the LIFO cost-flow assumption, what will the company report as January 31 2022 Ending Inventory? $297 $360 $180 $263