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.

Question

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.

Quizplus · Accepted Answer

The Answer of 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.

Use the Following Information for Questions 98 and 99