tion 24. festival co values its inventory using the average cost method. at the beginning of january it held 110 units of inventory which cost $5 each. the following inventory movements took place during january: 3 january sold 95 units for $6 each 12 january purchased 100 units for $5.50 each 15 january purchased 50 units for $5.75 each 20 january sold 80 units for $6 each at what amount should inventory be included in festival co's statement of financial position at 31 january? $442.42 $453.90 $480.00 $470.08