Fischer, Inc. had the following inventory in fiscal 2019. The company uses the average cost method of accounting for inventory.

Beginning Inventory, January 1, 2019: 100 units @ $10.00

Purchase of inventory, June 1, 2019: 200 units @ $12.00

Sale of inventory, November 1, 2019: 150 units

What amount is reported as cost of goods sold?

Group of answer choices

$1,650

$1,550

$1,700

$1,500