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Lopez Company uses a weighted-average perpetual inventory system and has the following purchases and sales: Units Acquired at Cost Units Sold at Retail Date: October

Lopez Company uses a weighted-average perpetual inventory system and has the following purchases and sales: Units Acquired at Cost Units Sold at Retail Date: October 9. October 22 October 29 Activities Purchase Purchase Sales 10 units 15 units $28 = $280 $30 = $450 12 units sold Calculate Lopez's cost of goods sold for the October 29th sale? (Round average cost per unit to 2 decimal places.) Multiple Choice $730.00 $450.00 $340.00

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