What would be reported as Cost of Goods Sold on the income statement for the year ending December 31, 2019 if the perpetual inventory system and the weighted-average inventory costing method are used? (Round the unit costs to two decimal places and total costs to the nearest dollar.)
Cougar Company had the following balances and transactions during 2019:
A) $15,504
B) $24,480
C) $13,776
D) $8,976
C) $13,776
Cost of Goods Sold = $4,800 + $8,976 = $13,776
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