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

question 4

Essay

A company's inventory records indicate the following data for the month of January:
$$\begin{array} { | l | l | l | } \hline \text { Jan. } 1 & \text { beginning } & 180 \text { units at } \$ 9 \text { each } \\\hline \text { Jan. } 5 & \text { purchased } & 170 \text { units at } \$ 10 \text { each } \\\hline \text { Jan. } 9 & \text { sold } & 300 \text { units at } \$ 35 \text { each } \\\hline \text {Jan. } 14 & \text { purchased } & 200 \text { units at } \$ 11 \text { each } \\\hline \text { Jan. } 20 & \text { sold } & 150 \text { units at } \$ 35 \text { each } \\\hline \text { Jan. } 30 & \text { purchased } & 230 \text { units at } \$ 12 \text { each } \\\hline\end{array}$$
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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