During January, a company that uses a perpetual inventory system had beginning inventory, purchases, and sales as follows. What was the LIFO cost of the company's January 31 inventory? 
Definitions:
Organizational Innovation
The process of implementing new ideas, creating dynamic products, or improving existing services within an organization.
Cross-Fertilization
A process of mutual influence or exchange of ideas between diverse fields or cultures to spur innovation and creativity.
Knowledge Management
The process of creating, sharing, using, and managing the knowledge and information of an organization to achieve its objectives.
Ranking Items
The process of ordering items or options according to certain criteria, allowing comparison in terms of quality, significance, or importance.
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