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 RetailAugust 2 Purchase 10 units @ $50 = $500 August 18 Purchase 15 units @ $52 = $780 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$1,280.00$614.40$604.00$780.00