Use the following information for questions.
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) $12,606.
B) $12,284.
C) $12,312.
D) $12,432.
Correct Answer:
Verified
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