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

Marquis Company uses a weighted-average perpetual inventory system and has the following purchases and sales:

Date Activities Units Acquired at Cost Units Sold at Retail
August 2 Purchase 10 units @ $16 = $160
August 18 Purchase 15 units @ $18 = $270
August 29 Sales 12 units sold

What is the amount of the cost of goods sold for this sale? (Round average cost per unit to 2 decimal places.)

Multiple Choice

$206.40

$430.00

$270.00

$150.50

$196.00

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