Tomas Company Uses the Perpetual Inventory System and the Moving-Average

Multiple Choice

Tomas Company uses the perpetual inventory system and the moving-average method to cost inventories. On August 1, there were 10,000 units reported at $30,000 in the beginning inventory. On August 10, 20,000 units were purchased for $4.95 per unit. On August 15, 25,000 units were sold for $12 per unit. The amount charged to cost of goods sold on August 15 was

A) $30,000.
B) $99,375.
C) $107,500.
D) $118,800.