A retailer made the following inventory purchases in February. Purchased 200 units at $7.00 each on Feb. 1. Purchased 200 units at $8.00 each on Feb. 10. Purchased 200 units at $10.50 each on Feb. 28. On Feb. 15, there were 350 units sold. The retailer used a periodic inventory system. Using the weighted average cost formula, the cost of goods sold was:

Select one:

a. $ 3,238

b. $ 2,975

c. $ 2,625

d. $ 2,450

e. $ 2,800