The following information was available from the inventory records of Rich Company for January:

				Units				Unit Cost			Total Cost
Balance at January 1					9,000				$9.77			$87,930
	Purchases:
		January 6			6,000				10.30			61,800
		January 26			8,100				10.71			86,751
	Sales
		January 7			(7,500	)
		January 31			(11,100	)
Balance at January 31					4,500

Assuming that Rich 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?

PLEASE EXPLAIN & SHOW WORK

$46,067.

$46,170.

$46,620.

$47,270.