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Question 14 Shown below is the activity for one of the products of Random Creations: January 1 balance, 80 units @ $50 each Purchases:
Question 14 Shown below is the activity for one of the products of Random Creations: January 1 balance, 80 units @ $50 each Purchases: January 18: 40 units @ $51 each January 28: 40 units @ $52 each Sales: January 12:30 units January 22:30 units January 31: 45 units 5 pts Required: Compute the ending inventory balance on January 31, assuming Random Creations uses average cost and a periodic inventory system. Note that periodic means that the company does not count its inventory until the end of the month. $2,791 $2,809 O $2,750 O $2,755
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