Question - Thelen's inventory records show the following data at January 31:
Beginning inventory Jan. 1 90 units at $5 per unit
Jan. 10 purchase 270 units at $11 per unit
Jan. 22 purchase 130 units at $12 per unit
At January 31, 230 units are still on hand. What is the cost of the ending inventory at January 31 if Thelen uses the LIFO method?