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The following information was available from the inventory records of Coronado Industries for January: Units 8900 Unit Cost $9.75 Total Cost $86775 Balance at January
The following information was available from the inventory records of Coronado Industries for January: Units 8900 Unit Cost $9.75 Total Cost $86775 Balance at January 1 Purchases: January 6 January 26 6000 8300 10.24 10.67 61440 88561 Sales January 7 January 31 Balance at January 31 (7700) (10900) 4600 Assuming that Coronado 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? $47538. O $46948. $47053 $48044
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