Carla Vista Inc. uses the average cost formula in a perpetual inventory system. (Use unrounded numbers in your calculations but round to the nearest cent for presentation purposes in your answer.)

Jun 1		Beginning inventory		25 units @ $18 per unit
Jun 5		Purchase		100 units @ $20 per unit
Jun 8		Sale		70 units
Jun 9		Purchase		80 units @ 20.41 per unit
Jun 10		Sale		25 units
Jun 22		Sale		40 units

Total cost of goods sold for the month of June is

$2690.40.

$2737.20.

$2677.20.

$2688.67.