Multiple Choice Question 99 The following information was available from the inventory records of Sheridan Company for January: Units Unit Cost Total Cost Balance at January 1 9000 $9.60 $86400 Purchases: January 6 6000 10.20 61200 January 26 9000 10.10 90900 Sales January 7 (6000) January 31 (13000) Balance at January 31 5000 Assuming that Sheridan maintains perpetual inventory records, what should be the inventory at January 31, using the moving average inventory method, rounded to the nearest dola $49687 $52022 $49802 $49850 Click if you would like to Show Work for this question: Open Show Work