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Marquis Company uses a weighted-average perpetual inventory system and has the following purchases and sales:...

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Accounting

Marquis Company uses a weighted-average perpetual inventory system and has the following purchases and sales:
\table[[Date,Activities,Units Acquired at Cost,Units Sold at Retail],[August 2,Purchase,10 units @$30=$300,],[August 18,Purchase,15 units >$32=$480,],[August 29,Sales,,12 units sold]]
What is the amount of the cost of goods sold for this sale? (Round average cost per unit to 2 decimal places.)
Multiple Choice
$364.00
$480.00
$374.40
$780.00
$150.50
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