Reference no: EM132489131

RJ Corporation has provided the following information about one of its inventory items:

Date Transaction Number of   Units Cost per Unit

1/1      Beginning Inventory 460  $3,200

6/6       Purchase 770              $3,660

9/10       Purchase 1,140          $4,060

11/15      Purchase 830          $4,230

• During the year, RJ sold 3,060 units.

Question 1: What was cost of goods sold using the average cost flow assumption? (Do not round intermediate calculations.)

Option 1: $11,981,500.

Option 2: $11,885,709.

Option 3: $11,837,300.

Option 4: $11,925,709.