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The following information was available from the inventory records of Bramble Corp. for January: UnitsUnit CostTotal CostBalance at January 17000$7.50 $ 52500Purchases:January 6650010.2066300January 26900012.10108900SalesJanuary 7(6000)January
The following information was available from the inventory records of Bramble Corp. for January:
UnitsUnit CostTotal CostBalance at January 17000$7.50$52500Purchases:January 6650010.2066300January 26900012.10108900SalesJanuary 7(6000)January 31(10000)Balance at January 316500
Assuming that Bramble 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?
$65930.
$68900.
$67629.
$65780.
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