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Use the Following Information for Questions 98 and 99

Question 81

Multiple Choice

Use the following information for questions 98 and 99.
The following information was available from the inventory records of Rich Company for January: Use the following information for questions 98 and 99. The following information was available from the inventory records of Rich Company for January: -Assuming that Rich maintains perpetual inventory records, what should be the inventory at January 31, using the moving-average inventory method, rounded to the nearest dollar? A) $15,757. B) $15,356. C) $15,390. D) $15,540.
-Assuming that Rich maintains perpetual inventory records, what should be the inventory at January 31, using the moving-average inventory method, rounded to the nearest dollar?


A) $15,757.
B) $15,356.
C) $15,390.
D) $15,540.

Correct Answer:

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