Symba Co. has the following inventory data:

May 1	Beginning inventory	50 units at $5.00
6	Purchases	100 units at $5.50
12	Sale	60 units
24	Purchases	50 units at $6.00
31	Sale	60 units

Assuming that a perpetual inventory system is used, what is cost of goods sold on a weighted-average cost basis for May?

Question 5 options:

1)

$415

2)

$445.84

3)

$654.16

4)

$685