Given the following data, calculate the cost of goods sold using the average-cost method.

Round average cost per unit calculations to two decimal places.Round final answer to the nearest dollar.

Date

Item

Unit

1/1

Beginning inventory

30 units at $30 per unit

5/10

Purchase of inventory

20 units at $20 per unit

10/9

Purchase of inventory

20 units at $12 per unit

12/31

Ending inventory

28 units

A) $1276

B) $924

C) $1540

D) $2310