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The following information was available from the inventory records of Oriole Company for January: Balance at January 1 Purchases: January 6 January 26 Sales January
The following information was available from the inventory records of Oriole Company for January: Balance at January 1 Purchases: January 6 January 26 Sales January 7 January 31 Balance at January 31 Units O $47670. $47235. $47129. O $48228. 8900 6000 8100 (7300 ) (11100 ) 4600 Unit Cost $9.80 10.28 10.71 Total Cost $87220 61680 86751 Assuming that Oriole maintains perpetual inventory records, what should be the inventory at January 31, using the moving-averag inventory method, rounded to the nearest dollar? (Round average cost per unit to 3 decimal places, e.g. 1.485.)
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