The following information was available from the inventory records of Sheridan Company for January: Units Unit Cost Total Cost Balance at January 1 9200 $9.76 $89792 Purchases: January 6 6000 10.25 61500 January 26 8000 10.67 85360 Sales January 7 (7600 ) January 31 (10900 ) Balance at January 31 4700 Assuming that Sheridan does not maintain perpetual inventory records, what should be the inventory at January 31, using the weighted-average inventory method, rounded to the nearest dollar? $49136. $48508. $48053. $47945.