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A Company's Inventory Records Indicate the Following Data for the Month

Question 220

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A company's inventory records indicate the following data for the month of January:
 Jan. 1 beginning 180 units at $9 each  Jan. 5 purchased 170 units at $10 each  Jan. 9 sold 300 units at $35 each Jan. 14 purchased 200 units at $11 each  Jan. 20 sold 150 units at $35 each  Jan. 30 purchased 230 units at $12 each \begin{array} { | l | l | l | } \hline \text { Jan. } 1 & \text { beginning } & 180 \text { units at } \$ 9 \text { each } \\\hline \text { Jan. } 5 & \text { purchased } & 170 \text { units at } \$ 10 \text { each } \\\hline \text { Jan. } 9 & \text { sold } & 300 \text { units at } \$ 35 \text { each } \\\hline \text {Jan. } 14 & \text { purchased } & 200 \text { units at } \$ 11 \text { each } \\\hline \text { Jan. } 20 & \text { sold } & 150 \text { units at } \$ 35 \text { each } \\\hline \text { Jan. } 30 & \text { purchased } & 230 \text { units at } \$ 12 \text { each } \\\hline\end{array}
If the company uses the last-in,first-out perpetual inventory system,what would be the cost of the ending inventory?

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