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The following information was available from the inventory records of Concord Corporation for January: Units Unit Cost Total Cost Balance at January 1 9100 $9.77
The following information was available from the inventory records of Concord Corporation for January: Units Unit Cost Total Cost Balance at January 1 9100 $9.77 $88907 Purchases: January 6 6300 10.32 65016 January 26 8300 10.76 89308 Sales January 7 (7600 ) January 31 (11300 ) Balance at January 31 4800 Assuming that Concord 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? $50517. $49262. $49373. $49869.
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