Question 23 The following information was available from the inventory records of Concord Corporation for January: Units Unit Cost Total Cost Balance at January 1 9100 $9.77 $88907 Purchases: January 6 6300 10.32 65016 January 26 8300 10.76 89308 Sales January 7 (7600) January 31 (11300) Balance at January 31 4800 Assuming that Concord does not maintain perpetual inventory records, what should be the inventory at January 31, using the weighted average inventory method, rounded to the nearest dollar? $49869. $50517. $49373. $49262