A company purchased

130

units for

$ 20

each on January 31. It purchased

180

units for

$ 25

each on February 28. It sold

180

units for

$ 80

each from March 1 through December 31. If the company uses the

weightedminus

average

inventory costing method, calculate the amount of Cost of Goods Sold on the income statement for the year ending December 31. (Assume the company uses the perpetual inventory system. Round any intermediate calculations two decimal places, and your final answer to the nearest dollar.)

A.

$ 4 comma 122

B.

$ 4 comma 500

C.

$ 2 comma 600

D.

$ 7 comma 100