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Oriole uses the periodic inventory system. For the current month, the beginning inventory consisted of 7000 units that cost $10 each. During the month,
Oriole uses the periodic inventory system. For the current month, the beginning inventory consisted of 7000 units that cost $10 each. During the month, the company made two purchases: 3100 units at $11 each and 12100 units at $11.50 each. Oriole also sold 13100 units during the month. If the average-cost method is used, what is the amount of cost of goods sold for the month? (Round average cost per unit to 2 decimal places, e.g. 1.48.) O $138600. O $144100. O $143539. O $150150.
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