Question
Multiple Choice Question 99 The following information was available from the inventory records of Rich Company for January: Units Unit Cost Total Cost Balance at
Multiple Choice Question 99
The following information was available from the inventory records of Rich Company for January:
Units Unit Cost Total Cost
Balance at January 1 3,000 $9.77 $29,310
Purchases:
January 6 2,000 $10.30 $20,600
January 26 2,700 $10.71 $28,917
Sales: January 7 (2,500 )
January 31 (3,700 )
Balance at January 31 1,500
Assuming that Rich maintains perpetual inventory records, what should be the inventory at January 31, using the moving-average inventory method, rounded to the nearest dollar?
a) $15,540.
b) $15,390.
c)$15,757.
d)$15,356.
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