The following information was available from the inventory records of Oriole Company for January:

				Units				Unit Cost			Total Cost
Balance at January 1					7000				$8.10			$56700
	Purchases:
		January 6			4000				9.20			36800
		January 26			9000				10.40			93600
	Sales
		January 7			(5000	)
		January 31			(11000	)
Balance at January 31					4000

Assuming that Oriole maintains perpetual inventory records, what should be the inventory at January 31, using the moving-average inventory method, rounded to the nearest dollar?

$37419.

$37511.

$37618.

$38560.

ansactions for the month of June were:

Purchases					Sales
June 1		(balance) 3260 @	$3.00		June 2		2380 @	$5.40
3		8800 @	2.90		6		6430 @	5.40
7		4720 @	3.10		9		3950 @	5.40
15		7180 @	3.20		10		1590 @	6.00
22		1950 @	3.30		18		5580 @	6.00
					25		790 @	6.00

Assuming that perpetual inventory records are kept in units only, the ending inventory on a LIFO basis is

$15377.

$15570.

$16089.

$16803.