The following information is available from the inventory records of Neer Company for January Units 3,000 Unit Cost $9.77 Total Cost $29,310 Balance at January 1 Purchases : January 6 January 26 2,000 2,700 10.30 10.71 20,600 28,917 Sales: January 7 January 31 Balance at January 31 ( 2,500) (4,000) 1,200 Neer uses perpetual moving-average cost. All purchases and sales were made on account. All sales are made at a unit price of $14. Record the January 6 transaction Record the January 7 transaction. Comput the cost of ending inventory on january 31.

The following information is avzllable from the irveriocy recoras of Neer Company for January: Neer uses pupefual moving:awerage cost, All purchases and sales were made on account. All sains are made at a unit price of 514. Record the January 6 transaction. Record the January 7 transaction Compute the cost of ending inventory on danuary 31 . 1,20010.26=12.312