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Question Not yet answered Marked out of 2.00 Flag question The following data regarding purchases and sales of a commodity were taken from the perpetual
Question Not yet answered Marked out of 2.00 Flag question The following data regarding purchases and sales of a commodity were taken from the perpetual inventory account of Huang Company: May 1 Balance 25 units at $160 6 Sale 20 units 8 Purchase 20 units at $164 16 Sale 10 units 20 Purchase 20 units at $168 23 Sale 25 units 30 Purchase 15 units at $172 Using the weighted Average method, what amount would be reported for cost of goods sold on Huang Company's Income Statement for May (rounded final answer to the nearest dollar)? Select one: O A. $8,944 O B. $9,072 C. $8,981 D. $9,089
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