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Marquis Company uses a weighted-average perpetual inventory system and has the following purchases and sales: August 2 17 units were purchased at $8 per unit.

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

August 2 17 units were purchased at $8 per unit.
August 18 22 units were purchased at $10 per unit.
August 29 19 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.)

Multiple Choice

  • $156.00

  • $356.00

  • $220.00

  • $158.50

  • $173.47

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