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At the end of last year, Games-2-Use had merchandise costing $340,000 in inventory. During January of the current year, the company purchased merchandise costing $266,000,

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At the end of last year, Games-2-Use had merchandise costing $340,000 in inventory. During January of the current year, the company purchased merchandise costing $266,000, and sold merchandise that it had purchased at a total cost of $223,000. Games-2-Use uses a perpetual inventory system. The balance in the inventory account at January 31 was Multiple Choice $383,000 $340,000. $223.000 O $606,000

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