Use the Following Information for Questions
the Following Information

question 43

Multiple Choice

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

• A)$12,606.
• B)$12,284.
• C)$12,312.
• D)$12,432.

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