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The following information was available from the inventory records of Marigold Company for January: Units Unit Cost Total Cost Balance at January 1 9200 $
The following information was available from the inventory records of Marigold Company for January:
Assuming that Marigold maintains perpetual inventory records, what should be the inventory at January 31, using the moving-average inventory method? (Round average cost per unit to 3 decimal places, e.g. 1.485.)
The following information was available from the inventory reconds of Marigold Company for lanuary: Assuming that Marigold maintain perpetual inventory recordw, what should be the inventory at fanuary 31 , using the moving average inventory method? fhand average cost per unt to 3 decimal places, es 1.485. $51620$51027551142$52072 Units | Unit Cost | Total Cost | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Balance at January 1 | 9200 | $9.78 | $89976 | |||||||||
Purchases: | ||||||||||||
January 6 | 6300 | 10.21 | 64323 | |||||||||
January 26 | 8200 | 10.68 | 87576 | |||||||||
Sales | ||||||||||||
January 7 | (7600) | |||||||||||
January 31 | (11100) | |||||||||||
Balance at January 31 | 5000 |
Assuming that Marigold maintains perpetual inventory records, what should be the inventory at January 31, using the moving-average inventory method? (Round average cost per unit to 3 decimal places, e.g. 1.485.)
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