Question 8

The following information was available from the inventory records of Bonita Industries for January:

				Units				Unit Cost			Total Cost
Balance at January 1					9200				$9.74			$89608
	Purchases:
		January 6			6300				10.37			65331
		January 26			8100				10.68			86508
	Sales
		January 7			(7600	)
		January 31			(11200	)
Balance at January 31					4800

Assuming that Bonita maintains perpetual inventory records, what should be the inventory at January 31, using the moving-average inventory method, rounded to the nearest dollar? (Round average cost per unit to 3 decimal places, e.g. 1.485.)

$49217.

$49642.

$50757.

$49107.