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XoCo, which begins business in May and uses the perpetual method and moving average costing, shows the following data: 20. Purchases Sales May 4 May

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XoCo, which begins business in May and uses the perpetual method and moving average costing, shows the following data: 20. Purchases Sales May 4 May 11 May 14 May 19 May 21 1,000@$7 400 $11 1.400 @8 2,000 $10 1,500 $15 The balance in XoCo's inventory account on May 31 is. a.22,125 b, $20,833 c. $21,705 d, $23,875

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