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Grouper Corporation is a multi-product firm. The following information concerns one of its products, the Trinton: Date Transaction Quantity Price/ Cost Jan. 1 Beginning inventory

Grouper Corporation is a multi-product firm. The following information concerns one of its products, the Trinton:

Date Transaction Quantity Price/ Cost
Jan. 1 Beginning inventory 1,900 $13
Feb. 4 Purchase 2,750 18
Feb. 20 Sale 3,080 28
Apr. 2 Purchase 3,740 20
Nov. 4 Sale 3,400 34

Calculate cost of goods sold, assuming Grouper uses a perpetual inventory system and moving-average cost formula.

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