The following information was available from the inventory records of Marigold Corp. for January: Units Unit Cost Total Cost Balance at January 1 9200 $9.73 $89516 Purchases: January 6 5800 10.33 59914 January 26 7900 10.75 84925 Sales January 7 (7700 ) January 31 (10900 ) Balance at January 31 4300 Assuming that Marigold 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?

The following information was available from the inventory records of Marigold Corp. for January: Units Unit Cost Total Cost Balance at January 1 9200 $9.73 $89516 Purchases: January 6 5800 10.33 59914 January 26 7900 10.75 84925 Sales January 7 (7700 ) January 31 (10900 ) Balance at January 31 4300 Assuming that Marigold 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?

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Description: Question 41 of 50 - / 1View PoliciesCurrent Attempt in ProgressThe following information was available from the inventory records of Marigold Corp. for January:UnitsUnit CostTotal CostBalance at January 19200$9.73$89516Purchases:January 6580010.33

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter9: Working Capital

Section: Chapter Questions

Problem 28E

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Subject : Accounting
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