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The following data represent the beginning inventory and, in order of occurrence, the purchases and sales...

The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of Delacour, Inc. for an operating period.

Units

Unit Cost

Total Cost

Units Sold

Beginning Inventory

30

$28

$ 840

Sale No. 1

20

Purchase No. 1

50

40

2,000

Sale No. 2

40

Purchase No. 2

20

44

880

__

Totals

100

$3,720

60


Assuming Delacour, Inc. uses weighted-average (perpetual) inventory procedures, sale no. 2 is recorded as an entry to Cost of Goods Sold for:

Select one:

A. $1,420

B. $1,488

C. $1,520

D. $1,360

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