Question 12 Not yet answered Points out of 4 Flag Question Kent Company uses the perpetual inventory method. On January 1, 2019 Kent purchased 300 units of inventory that cost $1.00 each. On January 10, 2019 the company purchased an additional 400 units of inventory that cost $1.50 each. If Kent uses a weighted average cost flow method, and sells 400 units of inventory, the amount of cost of goods sold appearing on the income statement will be (round to two decimal places): a $600. b. $516. C. $500. d. $450 Time left 1:49:02 Neact page