QUESTION 16

1. Binkley had 8,000 units of inventory 3/1. Their cost is $20 each. Purchases and sales for the month were:

   Date	Purchases	Sales
   March 8		6,000	units
   15	4,000 units @ $22 each
   22	4,000 units @ $24 each
   27		4,000	units

   Cost of goods sold for the month using average cost in a periodic system was:

   	A.	$215,000.
   	B.	$204,000.
   	C.	$224,000.
   	D.	$209,600.