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Marquis Company uses a weighted-average perpetual inventory system and has the following purchases and sales: August 2- 23 units purchased at $4 per unit August
Marquis Company uses a weighted-averageperpetualinventory system and has the following purchases and sales:
August 2- 23 units purchased at $4 per unit
August 18- 28 units purchased at $6 per unit
August 29- 25 units were sold
What is the amount of the cost of goods sold for this sale?(Round average cost per unit to 2 decimal places.)
a. $260.00
b. $168.00
c. $127.50
d. $106.50
e. $104.00
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