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Grey Co. recorded the following data pertaining to raw material AA during January 2023: Units Date Received Cost Issued On Hand 1/1/23 Inventory $2.00 1,600

Grey Co. recorded the following data pertaining to raw material AA during January 2023: Units Date Received Cost Issued On Hand 1/1/23 Inventory $2.00 1,600 3,200 1/11/23 Issue 1,600 1/22/23 Purchase 4,000 $2.35 5,600 The moving-average unit cost of AA inventory at January 31, 2023 is a. $2.17. b. $2.21. C. $2.25. d. $2.35

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