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The following information was available from the inventory records of Tony Company for January. Assuming the perpetual inventory system, what should be the ending inventory
The following information was available from the inventory records of Tony Company for January. Assuming the perpetual inventory system, what should be the ending inventory at January 31, using the moving-average inventory method? Round intermediate calculations to three decimals and final answer to the nearest dollar?
Units | Unit Cost | Total Cost | |
Balance at January 1 | 8,100 | $9.77 | $79,137 |
Purchases: | |||
January 6 | 6,000 | 10.30 | 61,800 |
January 29 | 9,000 | 10.71 | 96,390 |
Sales: | |||
January 7 | (11,000) | ||
January 31 | (7,000) | ||
Balance at January 31 | 5,100 |
Group of answer choices
$53,689
$184,932
$52,397
$52,326
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