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The following information was available from the inventory records of Lock Company for January: Units Unit Cost Total Cost Balance at January 1 3,000 $9.77

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

Units

Unit Cost

Total Cost

Balance at January 1

3,000

$9.77

$29,310

Purchases:

January 6

2,000

10.30

20,600

January 26

2,700

10.71

28,917

Sales:

January 7

(2,500)

January 31

(4,200)

Balance at January 31

1,000

Assuming that Lock uses the periodic inventory system, what should the inventory be at January 31, using the weighted-average inventory method, rounded to the nearest dollar?

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