The following information was available from the inventory records of Coronado Industries for January:

				Units				Unit Cost			Total Cost
Balance at January 1					9200				$9.79			$90068
	Purchases:
		January 6			6500				10.23			66495
		January 26			8300				10.74			89142
	Sales
		January 7			(7400	)
		January 31			(11200	)
Balance at January 31					5400

Assuming that Coronado 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?

$55923.

$56346.

$55285.

$55409.

Oriole Company has the following data related to an item of inventory:

Inventory, March 1		380 units	@ $1.80
Purchase, March 7		1380 units	@ $1.90
Purchase, March 16		310 units	@ $1.95
Inventory, March 31		520 units

The value assigned to ending inventory if Oriole uses LIFO is

$950.

$1012.

$1004.

$936.