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Tomas Company uses the perpetual inventory system and the moving average method to value inventories. On August 1, there were 10,000 units valued at $30,000

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Tomas Company uses the perpetual inventory system and the moving average method to value inventories. On August 1, there were 10,000 units valued at $30,000 in the beginning inventory. On August 10, 20,000 units were purchased for $4.95 per unit. On August 15, 25,000 units were sold for $12 per unit. The amount charged to cost of goods sold on August 15 was (CL081) Select one: a. $ 107,500 b. $118,800. c. $30,000. d. $99,375 Next page

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