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A company has a beginning inventory of $60,000 and purchases during the year of $120,000. The beginning inventory consisted of 2,000 units and 8,000 units

A company has a beginning inventory of $60,000 and purchases during the year of $120,000. The beginning inventory consisted of 2,000 units and 8,000 units were purchased during the year. The company has 5,000 units left at year-end. Under average-cost, what is Cost of Goods Sold? (Round any intermediary calculations to two decimal places and your final answer to the nearest dollar.)

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