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2 ABC Company had the following purchases and sales information: January: February May: Purchases 15 units at $100 10 units at $115 9 units at

2 ABC Company had the following purchases and sales information: January: February May: Purchases 15 units at $100 10 units at $115 9 units at $120 Sales 10 units November: Using the weighted average inventory costing method, what is the value of the cost of goods sold on May? A $4,240 B. $2,650 C $1,060 D. $2,670

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