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QUESTION 7 Marquis Company uses a weighted-average perpetual inventory system and has the following purchases and sales: Activities Units Acquired at Cost Units Sold

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QUESTION 7 Marquis Company uses a weighted-average perpetual inventory system and has the following purchases and sales: Activities Units Acquired at Cost Units Sold at Retail Date August 2 Purchase 10 units @ $12 = $120 August 18 Purchase 15 units @ $14 = $210 August 29 Sales 12 units sold What is the amount of the cost of goods sold for this sale? (Round average cost per unit to 2 decimal places.) $330.00 $210.00 $158.40 $150.50 $148.00

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