?

During January, Metro Co., which maintains a perpetual inventory system, recorded the following information pertaining to its inventory:
........................................Unit ...Total....Units On
.............................Units....Cost....Cost.....Hand
Balance on 1/1. ......1,000... $1... $1,000 ..1,000
Purchased on 1/7. ...600 .......3 ....1,800.. .1,600
Sold on 1/20 ...........900 .........................700
Purchased on 1/25....400...... 5.... 2,000.. 1,100
Under the moving-average method, what amount should Metro report as inventory at January 31?