Find What be reported as Cost of Goods Sold for ?Cougar Inc

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Cougar, Inc. had the following balances and transactions during 2025:

Beginning Merchandise Inventory 140 units at $81

March 10 Sold 70 units

June 10 Purchased 280 units at $83

October 30 Sold 140 units

Problem 1: What would be reported as Cost of Goods Sold on the income statement for the year ending December 31, 2025 if the perpetual inventory system and the weighted-average inventory costing method are used? (Round the unit costs to two decimal places and total costs to the nearest dollar.)

a. 11,564

b. 28,910

c. 17,234

d. 17,346

Reference no: EM132939689

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