1 2. 3 Question 14 (1 point) A company purchased 120 units for $20 each on January 31. It purchased 160 units for 535 cach on February 28. It sold 160 units for S70 each from March 1 through December 31. If the company uses the weighted average inventory costing method, calculate the amount of Cost of Goods Sold on the income statement for the year ending December 31. (Assume the company uses the perpetual inventory system. Round any intermediate calculations two decimal places, and your final answer to the nearest dollar) 4 5 6 7 9 8 $2,400 55,600 10 11 12 $4,571 13 14 15 $8,000