Monarch Company uses a weighted-average perpetual inventory system and has the following purchases and sales: January 120 units were purchased at $10 per unit.January 1212 units were sold.January 2018 units were purchased at $11 per unit. What is the value of cost of goods sold?
A. $120.
B. $278.
C. $272.
D. $398.
E. $126.
Answer: A
Business
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