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What should be the inventory at January

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Reference no: EM132351142

Question - The following information was available from the inventory records of Bramble Corp. for January:

 

Units

Unit Cost

Total Cost

Balance at January 1

7000

$7.60

$53200

Purchases:

 

 

 

January 6

6000

10.20

61200

January 26

9000

10.70

96300

Sales

January 7

(7000)

January 31

(10000)

Balance at January 31

5000

Assuming that Bramble maintains perpetual inventory records, what should be the inventory at January 31, using the moving - average inventory method, rounded to the nearest dollar?

$48000

$49700

$47885

$52022

Reference no: EM132351142

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