A company purchased merchandise to be resold at increasing costs during the year 2014. The purchases were made at the following costs January 1, 2014 (carried over from 2013.0 units at $10 January 25, 2014 purchase... 40 units at $11 June 20, 2014 purchas. 4 uts at $12 October 10, 2014 purchase 50 units at $13 The company sold 10 items at the end of each month. Assuming the periodic weighted-average cost flow assumption, what is the company's cost of goods sold for the 120 items sold in 2014? $1410 $1386 $1460 $1416