The following information was available from the inventory records of Mon Co. for january

Units unit cost total cost

Balance at Jan. 1 3,000 P9.77 P29,310

Purchases:

Jan 6 2,000 10.30 20,600

Jan 26 2,700 10.71 28,917

Sales:

Jan 7 (2,500)

Jan 31 (3,200)

Bal. at Jan 31 2,000

Assuming that mon maintains perpetual inv records, what should be the inventory at Jan 31, using the moving average inv method, rounded to the nearest peso?

• 21,010
• 20,474
• 20,720
• Answer not given
• 20,520