Question

Arthur's Hardware Company uses the weighted average cost method for copper plumbing connectors. The company purchased...

Arthur's Hardware Company uses the weighted average cost method for copper plumbing connectors. The company purchased 1,600 connectors for $2 each on August 1, and 2,000 connectors for $1.50 each on September 1. Arthur's sold 1,450 connectors for $4 each on November 15. What is the company's cost of goods sold?

a.

$2,175.

b.

$2,537.

c.

$2,494

d.

$2,900.

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