Monarch Company uses a weighted-average perpetual inventory system and has the following purchases and sales: $\begin{array}{|l|l|}
\hline \text { january } 1 & 20 \text { units were purchased at } \$ 10 \text { per unit. } \
\hline \text { January } 12 & 12 \text { units were sold. } \
\hline \text { january } 20 & 18 \text { units were purchased at } \$ 11 \text { per unit. } \
\hline
\end{array}$ What is the value of cost of goods sold?
A)$278.
B)$272.
C)$126.
D)$398.
E)$120.

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The Answer of Monarch Company uses a weighted-average perpetual inventory system and has the following purchases and sales: $\begin{array}{|l|l|}
\hline \text { january } 1 & 20 \text { units were purchased at } \$ 10 \text { per unit. } \
\hline \text { January } 12 & 12 \text { units were sold. } \
\hline \text { january } 20 & 18 \text { units were purchased at } \$ 11 \text { per unit. } \
\hline
\end{array}$ What is the value of cost of goods sold?
A)$278.
B)$272.
C)$126.
D)$398.
E)$120.

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