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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 @ $42 = $420 August 18 Purchase 15 units @ $44 = $660 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 $150.50 $518.40 $1,080.00 $660.00 $508.00

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