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A company had the following balances and transactions during 2019: Beginning Merchandise Inventory 150 units at $80 March 10 Sold 50 units June 10 Purchased

A company had the following balances and transactions during 2019:

Beginning Merchandise Inventory 150 units at $80
March 10 Sold 50 units
June 10 Purchased 300 units at $82
October 30 Sold 140 units

What would be reported as Cost of Goods Sold on the income statement for the year ending December 31, 2019 if the perpetual inventory system and the weighted-average inventory costing method are used? (Round the unit costs to two decimal places and total costs to the nearest dollar.)

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