Business, 22.04.2021 21:10 theman300045

The following information was available from the inventory records of Marigold Corp. for January: Units Unit Cost Total Cost
Balance at January 1 9000 $9.80 $88200
Purchases:
January 6 6300 10.29 64827
January 26 8000 10.72 85760
Sales
January 7 (7700 )
January 31 (11000 )
Balance at January 31 4600
Assuming that Marigold maintains perpetual inventory records, what should be the inventory at January 31, using the moving-average inventory method, rounded to the nearest dollar? (Round average cost per unit to 3 decimal places, e. g. 1.48 .
a. $48274.
b. $47702
c. $47247
d. $47141.

Answers: 2

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The following information was available from the inventory records of Marigold Corp. for January:...