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The following data regarding purchases and sales of a commodity were taken from the perpetual inventory account of Wong Company May 1 Balance 25 units

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The following data regarding purchases and sales of a commodity were taken from the perpetual inventory account of Wong 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 Wong Company's Income Statement for May (rounded final answer to the nearest dollar)? A $8,944 B. $9,072 C. $9,089 D.58,981

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