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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 | 410 units @ $18 = $7,380 | |
| January 8 | Purchase | 390 units @ $20 = $7,800 | |
| January 12 | Sale | | 700 units @ $70 |
| January 17 | Purchase | 450 units @ $22 = $9,900 | |
| January 23 | Sale | | 325 units @ $70 |
| January 28 | Purchase | 510 units @ $24 = $12,240 | |
If the company uses the LIFO perpetual inventory system, what would be the cost of the ending inventory?
$7,150.
$16,790.
$14,630.
$19,780.
$20,530.
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