The following information was available from the inventory records of Swifty Company for January: ...
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Accounting
The following information was available from the inventory records of Swifty Company for January:
units units cost total cost
Balance at January 1 8800 $9 $85800
purchases:
January 6 5800 10.21 59218
January 26 8100 10.67 86427
Sales January 7 (7600) January 31 (10900) Balance at January 31 4200 Assuming that Swifty does not maintain perpetual inventory records, what should be the inventory at January 31, using the weighted-average inventory method?
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