Marquis Company Uses a Weighted-Average Perpetual Inventory System and Has

Multiple Choice

Marquis Company uses a weighted-average perpetual inventory system and has the following purchases and sales: $$\begin{array} { | l | l | } \hline \text { August 2 } & 10 \text { units were purchased at } \$ 12 \text { per unit. } \\\hline \text { August 18 } & 15 \text { units were purchased at } \$ 14 \text { per unit. } \\\hline \text { August } 29 & 12 \text { units were sold. } \\\hline\end{array}$$ What is the amount of the cost of goods sold for this sale? (Round average cost per unit to 2 decimal places.)

A) $158.40
B) $150.50
C) $210.00
D) $148.00
E) $330.00