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ABC Company had the following purchases and sales information: Purchases 20 units at $110 January: February: May: 20 units at $120 10 units at $130

ABC Company had the following purchases and sales information: Purchases 20 units at $110 January: February: May: 20 units at $120 10 units at $130 Sales 15 units November: Using the weighted average inventory costing method, what is the value of the cost of goods sold on May? A. $2,650 B. $1,725 C. $4,240 D. $2,670

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