33 Not yet anewered Points out of a go Flag question Milford Company sells ballpoint pens and uses a perpetual inventory system. At the beginning of the current period, Milford had 500 units in its inventory at a cost of $4 each. It purchased 300 more units for a total of $2,700. Milford then sold 400 units at a selling price of $10 each. What is the cost of goods sold? Milford uses the moving average method. Select one: a. $1,600. b. $3,100. c. $2,350. d. $1,650