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Question - Marquis Company uses a weighted-average perpetual inventory system and has the following purchases and sales:
August 2 - 16 units were purchased at $7 per unit.
August 18 - 21 units were purchased at $9 per unit.
August 29 - 18 units were sold.
Required - What is the amount of the cost of goods sold for this sale?
A) $132.50
B) $146.52
C) $130.00
D) $189.00
E) $301.00
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