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Consider the following inventory transactions for September: Beginning inventory 16 units @ $ 2.90 Purchase on September 12 21 units @ $ 3.40 Purchased on
Consider the following inventory transactions for September:
Beginning inventory 16 units @ $ 2.90
Purchase on September 12 21 units @ $ 3.40
Purchased on September 23 11 units @ $ 4.00
For the month of September, the company sold 30 units. What is cost of goods sold under the weighted-average cost method? (Do not round your intermediate calculations. Round the weighted-average unit cost to 4 decimals if necessary. Round your answer to the nearest dollar amount.)
Multiple Choice
$87.
$101.
$120.
$126.
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