Question: Win rate Company used the moving average method to determine the cost of inventory. During January of the current year, the entity recorded the following

Win rate Company used the moving average method to determine the cost of inventory. During January of the current year, the entity recorded the following phenomena pertaining to inventory:

UnitUnit costTotal cost

Balance on Jan. 140,0005200,000

Sold on Jan. 1735,000

Purchased on Jan. 2820,0008160,000

What amount of inventory should be reported on January 31?

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