A company's inventory records indicate the following data for the month of January: 
If the company uses the last-in,first-out perpetual inventory system,what would be the cost of the ending inventory?
Definitions:
Inventory Account
A financial account that tracks the cost of inventory a company has purchased to sell, including raw materials, work-in-progress, and finished goods.
FOB Destination
A shipping term indicating that the seller bears the transportation cost and risk until the goods are delivered to the buyer's location.
Sales Discount
A sales discount is a reduction in the price of goods or services offered by a seller to a buyer, typically to encourage early payment or bulk purchases.
Perpetual Inventory
An inventory system that updates item records continuously as transactions occur.
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