The following information was available from the inventory records of Bramble Company for January:
Units
Unit Cost
Total Cost
Balance at January 1
9100
$9.76
$88816
Purchases:
January 6
6300
10.39
65457
January 26
8100
10.66
86346
Sales
January 7
(7500)
January 31
(11000)
Balance at January 31
5000
Assuming that Bramble does not maintain perpetual inventory records, what should be the inventory at January 31, using the
weighted-average inventory method? (Round average cost per unit to 3 decimal places, e.g. 1.485.)