Smith & Sons sells old clocks. The company had the follow transactions:

April 1, Beginning Inventory: 20 clocks @ $100 each = $2,000 April 10, Purchase: 10 clocks @ $125 each = $1,250 April 20, Purchase: 10 clocks @ $120 each = $1,200 April 25, Sales of inventory 25 clocks @ $500 Calculate the companys cost of goods sold using weighted-average cost.

Select one:

$3,750.75

$2,875.00

$2,625.00

$2,781.25

$2,950.00