Inventory records for Dunbar Incorporated revealed the following:DateTransactionNumber of UnitsUnit CostApr.1Beginning Inventory500$2.40 Apr.20Purchase400 2.50 Dunbar sold 700 units of inventory during the month. Cost of goods sold assuming weighted-average cost would be: (Round weighted-average unit cost to 4 decimals)
A. $1,708.
B. $1,711.
C. $1,720.
D. $1,700.
Answer: B
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