The following information is available from the inventory records of Neer Company for January:

Units Unit Cost Total Cost

Balance at January $ $

Purchases:

January

January

Sales:

January

January

Balance at January

Neer uses perpetual movingaverage cost. All purchases and sales were made on account. All sales are made at a unit price of $

Record the January transaction.

Record the January transaction.

Compute the cost of ending inventory on January