45. A company had the following purchases and sales during its first month of operations:

Date Activities Units Acquired at Cost Units Sold at Retail

January 1 Purchase 10 units @ $4.00 = $40.00

January 9 Sales 6 units @ $12.00

January 17 Purchase 8 units @ $5.50 = $44.00

January 27 Sales 7 units @ $12.00

Using the perpetual weighted average method, what is the value of cost of goods sold? (Round weighted average costs per unit to 2 decimal places.)

Multiple Choice

$40.00.

$59.00.

$25.00.

$24.00.

$23.35.