ABC Inc. is dedicated to the sale of gourmet coffee. Its suppliers are different family businesses that are dedicated to producing the highest quality coffee. At the beginning of December, ABC Inc. had no inventory. The company has a perpetual inventory system. The following are the coffee purchase and sale transactions that occurred during the month of December: Date Buys Sale December 2nd 50 packages @ $ 3.00 per unit December 3 20 packages @ $ 3.20 per unit December 5th 30 packages @ $ 7.00 per unit Calculate the cost of items sold assuming the business uses the Average method. Multiple Choice $ 210 $ 94 $ 91.80 $ 150