The following information was available from the inventory records of Concord Corporation for January: Units Unit Cost Total Cost 8800 $9.74 $85712 Balance at January 1 Purchases: January 6 January 26 6300 10.26 64638 8100 10.67 86427 Sales January 7 January 31 Balance at January 31 (7400 ) (10900) 4900 Assuming that Concord 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.)