Checkers Uses the Periodic Inventory System

Multiple Choice

Checkers uses the periodic inventory system. For the current month, the beginning inventory consisted of 4,800 units that cost $12 each. During the month, the company made two purchases: 2,000 units at $13 each and 8,000 units at $13.50 each. Checkers also sold 8,600 units during the month. Using the average cost method, what is the amount of cost of goods sold for the month?

A) $111,370.
B) $115,800.
C) $107,900.
D) $111,800.