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Current Attempt in Progress During January year 2, Metro Co., which maintains a perpetual inventory system, recorded the following information pertaining to its inventory: Balance
Current Attempt in Progress During January year 2, Metro Co., which maintains a perpetual inventory system, recorded the following information pertaining to its inventory: Balance on 1/1/Y2 Purchased on 1/7/Y2 Sold on 1/20/Y2 Purchased on 1/25/Y2 Units $2,640 O $3,300 O $3,225 O $3,900 1,000 600 900 400 Unit cost $1 3 5 Total cost $1,000 1,800 2,000 Units on hand 1,000 1,600 700 1,100 Under the moving-average method, what amount should Metro report as inventory at January 31, year 2
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