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The following information was available from the inventory records of Susan 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 Susan 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 Susan 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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