At the beginning of the month, Aggie Inc. had 300 units of inventory at a price of $25 per unit. The following transactions occurred during the month of December:

Date

Dec 11 Purchased 100 units @ $30 per unit

Dec 16 Sold 75 units

Dec 20 Sold 100 units

Dec 27 Purchased 100 units @ $32 per unit

Dec 30 Sold 50 units.

All units were sold for $45 per unit. Note: Round all dollar per unit values to 4 decimal places and final answers to nearest dollar.

The company is evaluating several different inventory costing methods and has asked you to complete the calculations of interest to them.

1. Using the perpetual Average cost method, determine COGS for the month of Dec:
   1. $6,165
   2. $5,995
   3. $6,125
   4. $6,038