A company uses the weighted average method of inventory valuation under a periodic inventory system. The company began the year with a zero inventory balance. They had the following transactions during the year. 1. Purchased 65 units at $7 per unit 2. Purchased 130 units at $7 per unit 3. Sold 110 units at $11 per unit 4. Purchased 55 units at $8 per unit 5. Sold 110 units at $13.25 per unit At the end of the year, the company counted the inventory and found 30 units remaining Calculate the cost of goods sold for the year (Round the unit costs to two decimal places and total costs to the nearest dollar) O A. $7 OB. S1 588 O C. $1,805 OD. 5217