Use the Following Information for Questions

question 28

Multiple Choice

Use the following information for questions.
The following information was available from the inventory records of Rich Company for January:
-Assuming that Rich 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?

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

---

Definitions:

Circumnavigated

The act of traveling all the way around the world, either by ship, aircraft, or other means.

Protestant Reformation

A religious movement in the 16th century that led to the creation of Protestantism, challenging the practices and authority of the Roman Catholic Church.

European Rivalries

Competitive or adversarial relationships between European nations, historically leading to conflicts, wars, and political tensions.

Political Undercurrents

Implicit or underlying political forces or tendencies that influence the direction of events or the climate of opinion, often without being immediately visible.