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The following information was available from the inventory records of Crane Company for January: Units Unit Cost Total Cost 9200 $9.71 $89332 Balance at January
The following information was available from the inventory records of Crane Company for January: Units Unit Cost Total Cost 9200 $9.71 $89332 Balance at January 1 Purchases: January 6 January 26 6200 10.24 63488 8000 10.74 85920 Sales January 7 January 31 (7600) (11000). Balance at January 31 4800 Assuming that Crane maintains perpetual inventory records, what should be the inventory at January 31, using the moving average inventory method, rounded to the nearest dollar? (Round average cost per unit to 3 decimal places, e.g. 1.485.)
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