On August 1, Micro Encoders, Inc

Multiple Choice

On August 1, Micro Encoders, Inc. had 120 units of a certain software package that cost $6 per unit. During May, the following purchases were made:
During August, 300 units were sold. If Micro Encoders uses the weighted average method, the cost of ending inventory would be

A) $922.50
B) $2,767.50
C) $937.50
D) $2,182.50