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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