Crane uses the periodic inventory system. For the current month, the beginning inventory consisted of 7400 units that cost 511 each. During the month, the company made two purchases: 3100 units at 512 each and 12200 units at $12.50 each. Crane also sold 12700 units during the month. If the average-cost method is used, what is the amount of cost of goods sold for the month? (Round average cost per unit to 2 decimal places, eg. 148.) $146100 $151672. $152400. $158500