1. Marquis Company uses a weighted-average perpetual inventory system and has the following purchases and sales:

August 2	14 units were purchased at $5 per unit.
August 18	19 units were purchased at $7 per unit.
August 29	16 units were sold.

What is the amount of the cost of goods sold for this sale? (Round average cost per unit to 2 decimal places.)

133.00

203.00

84.00

98.40

86.50

2. Given the following information, determine the cost of the inventory at June 30 using the LIFO perpetual inventory method. The cost of the ending inventory is:

480.

600

800

760

640