Business, 18.04.2020 04:55 59279

During January, LexPro Co., which maintains a perpetual inventory system, recorded the following information pertaining to its inventory:

Unit Total Units
Units Cost Cost On hand
Balance on 1/1 1,000 $1 $1,000 1,000
Purchased on 1/7 600 3 1,800 1,600
Sold on 1/20 900 700
Purchased on 1/25 400 5 2,000 1,100

Under the moving-average method, what amount should LexPro report as inventory at January 31?

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During January, LexPro Co., which maintains a perpetual inventory system, recorded the following inf...

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