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Question 11 1 pts Inventory records of the Rocket Company for January 2019 revealed the following information: Unit Cost Total Cost $9.775 $19,550 15.450 10.30
Question 11 1 pts Inventory records of the Rocket Company for January 2019 revealed the following information: Unit Cost Total Cost $9.775 $19,550 15.450 10.30 Units Balance at Jan. 1, 2019 2,000 Purchases Jan. 6, 2019 1,500 Jan. 26, 2019 2.700 Sales Jan. 7, 2019 2,200 Jan. 31, 2019 3,200 Balance at Jan. 31, 2019 800 10.60 28.620 Assuming that Rocket maintains perpetual inventory records, what should be the inventory at January 31, 2019, using the weighted average inventory method, rounded to the nearest dollar? $8.480 $8,324 $8,209 $8,360
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