Question: Current Attempt in Progress X Your answer is incorrect. Glenn Company has the following inventory information. July 1 Beginning Inventory 5 Purchases 10 units at

 Current Attempt in Progress X Your answer is incorrect. Glenn Company

Current Attempt in Progress X Your answer is incorrect. Glenn Company has the following inventory information. July 1 Beginning Inventory 5 Purchases 10 units at $90 60 units at $92 50 units 30 units at $95 35 units 14 Sale 21 Purchases 30 Sale Assuming that a perpetual inventory system is used, what is the ending inventory (round all unit costs to three decimal places and all cost of goods sold and balance calculations to nearest dollar) under the moving-average cost method? $1,391 $1,425 O $1,405 O $1,385

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