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Big Red Sports, Inc. uses the periodic inventory system. Details for the inventory account for the month of December are as follows: # of Units

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Big Red Sports, Inc. uses the periodic inventory system. Details for the inventory account for the month of December are as follows: # of Units Per Unit Cost Cost of Units Balance, Dec. 1 100 $5.00 $500 Purchase, Dec. 15 150 $5.40 810 Purchase, Dec. 28 250 $5.60 1,400 Total Units Available 500 $2,710 At Dec. 31 an inventory physical count showed that 300 units were sold in December, If Big Red Sports, Inc. uses the Weighted Average Cost Assumption, what is the cost of goods sold for the 300 units sold in December? (round to the nearest dollar) O $1.599. $1,590 $1,670 $1.626

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