The following information was available from the inventory records of Roy Company for January Units...
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The following information was available from the inventory records of Roy Company for January Units Unit Cost Total Cost Balance at January 1- 3,000 $9.77 $29,310 Purchases: January 6 2,000 10.30 20,600 January 26 2,700 10.71 28,917 Sales: January 7 January 31 Balance at January 31 (2,500) (4,000) 1,200 6. Assuming that Roy 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? 7. Assuming that Roy maintains perpetual inventory records, what should be the inventory at January 31, using the moving-average inventory method, rounded to the nearest dollar
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