Question: solve A company's inventory records indicate the following data for the month of January: Date Activities Units Acquired at Cost Units Sold at Retail January
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A company's inventory records indicate the following data for the month of January: Date Activities Units Acquired at Cost Units Sold at Retail January 1 Beginning inventory 360 units @ $18 = $6, 480 January 8 Purchase 340 units @ $20 = $6, 800 January 12 Sale 600 units @ $70 January 17 Purchase 400 units @ $22 = $8, 800 January 23 Sale 300 units @ $70 January 28 Purchase 460 units @ $24 = $11, 040 If the company uses the LIFO periodic inventory system, what would be the cost of the ending inventoryStep by Step Solution
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