The following information was available from the inventory records of Bonita Industries for January:

				Units				Unit Cost			Total Cost
Balance at January 1					9000				$9.70			$87300
	Purchases:
		January 6			5900				10.36			61124
		January 26			8200				10.71			87822
	Sales
		January 7			(7400	)
		January 31			(11000	)
Balance at January 31					4700

Assuming that Bonita 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?

$49653.

$48175.

$48067.

$48656.