Multiple Choice Question 111 Sunland uses the periodic Inventory system. For the current month, the beginning inventory consisted of 7400 units that cost $13 cach. During the month, the company made two purchases: 2900 units at $14 each and 12200 units at $14.50 each. Sunland also sold 12700 units during the month. Using the average cost method, what is the amount of cost of goods sold for the month? $171600 $177800 $177038 $183900