Lewis Company Had the Following Balances and Transactions During 2014

Multiple Choice

Lewis Company had the following balances and transactions during 2014: What would the Cost of Goods Sold be as reported on the income statement for the year ending December 31, 2014 if the perpetual weighted-average costing method is used? (Round your intermediate calculations to two decimal places)

A) $8,160
B) $20,400
C) $16,240
D) $12,000