The following information was available from the inventory records of Moen company for january:

Unit Unit cost Total cost

Balance at jan 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 (3,200)

Balance at january 31 2,000

Assuming that moen does not maintain perpetual inventory records, what should be the inventory at january 31, using the weighted average inventory method, rounded to the nearest peso?

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