The Beatriz Corp. uses a periodic inventory system. The company has a beginning inventory of 300 units at $5 each on January 1. Beatriz Corp. purchases 500 units at $4 each in February and 200 units at $6 each in March. There were no additional purchases or sales during the remainder of the year. Beatriz Corp. sells 150 units during the quarter. If Beatriz Corp. uses the weighted average method, what is its cost of goods sold?

Multiple Choice

• $600

• $750

• $900

• $705