During January of the current year, Duhaya Company which maintains a perpetual inventory system,

recorded the following information pertaining to its inventory:

Units Unit cost
Balance on 1/1 20,000 100
Purchased on 1/7 12,000 300
Sold on 1/20 18,000
Purchased 1/25 8,000 500

Under the moving average method, what amount should Jeanneth report as inventory at
January 31?
UNIT UNIT COST TOTAL COST
Balance on 1/1 20,000 100 2,000,000
Purchase 12,000 300 3,600,000
Total 32,000 175 5,600,000
Sale (18,000) 175 (3,150,000)
Total 14,000 175 2,450,000
Purchase 8,000 500 4,000,000
Total 22,000 293.18 6,450,000