QUESTION 18 The Xu Corporation uses a periodic inventory syster. The company has a beginninginventory of 650 units at $9 each on January 1, Xu purchases 100 units 58 each in February and 400 units at $10 each in March. There were no additional purchases or sales during the remainder of the year. Xu sells 350 units during the quarter. If Xu uses the weighted average method, what is its cost of goods sold for the quarter? (Do not round intermediate calculations. Round your final answer to the nearest dollar amount.) $3150 $3060 $3500 $2800 None of the above