The following data regarding purchases and sales of a commodity were taken from the perpetual...
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Accounting
The following data regarding purchases and sales of a commodity were taken from the perpetual inventory account of He Company: May 1 Balance 25 units at $120 6 Sale 20 units 8 Purchase 20 units at $123 16 Sale 10 units 20 Purchase 20 units at $126 23 Sale 25 units 30 Purchase 15 units at $127 Using the Weighted-Average method, what amount would be reported for cost of goods sold on He Company's Income Statement for May (rounded to the nearest dollar)? Select one: O A. $6,736 B. $6,804 C. $6,816 o D. $6,708
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