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Kyla Co. uses the periodic inventory system. For the current month, the beginning inventory consisted of 480 units that cost $65 each. During the month,

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Kyla Co. uses the periodic inventory system. For the current month, the beginning inventory consisted of 480 units that cost $65 each. During the month, the company made two purchases: 720 units at $68 each and 360 units at $70 each. Kyla Co. also sold 1,200 units during the month. Using the weighted average cost method, what is the closet amount of cost of goods sold? 1) $25,200.00 2) $24,314.00 3) $80,160.00 4) $81,046.00

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