A Corporation Has Provided the Following Information About One of Their

Multiple Choice

A corporation has provided the following information about one of their products:

$$\begin{array}{ll}\begin{array} { ll } \text { Date } & \text { Transaction } \\1 / 1 & \text { Beginning Inventory } \\6 / 5 & \text { Purchase } \\11 / 10 & \text { Purchase } \\\end{array}\begin{array} { l l} \text { Number of Units } & \text { Cost per Unit } \\200& \$ 140 \\400 & \$ 160 \\100 & \$ 200 \\\end{array}\end{array}$$
During the year,400 units were sold. What is cost of goods sold using the average cost method?

A) $48,000
B) $64,000
C) $50,000
D) $62,000