If Leading Edge uses the weighted-average-cost method, cost of goods sold will be

a. \(\$ 10,600\).

b. \(\$ 15,000\)

c. \(\$ 15,300\)

d. \(\$ 15,600\)

Use the following facts. Leading Edge Frame Shop wants to know the effect of different inventory costing methods on its financial statements. The company uses the periodic inventory system. Inventory and purchases data for April follow.

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Units Unit Cost Total Cost April 1 Beginning inventory 2,000 $10.00 $20,000 4 Purchase 1,000 10,60 10,600 9 Sale (1,500)