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Question(s) / Instruction(s):

Acme-Jones Corporation uses a weighted-average perpetual inventory system.

August 2, 10 units were purchased at $12 per unit.

August 18, 15 units were purchased at $14 per unit.

August 29, 12 units were sold.

What was the amount of the cost of goods sold for this sale?

A.            $148.00

B.            $150.50

C.            $158.40

D.            $210.00

E.            $330.00

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