Question: Under the Weighted Average perpetual inventory system, given the information below, what would be January's Cost of Goods Sold value? Weighted Average Date Description Units

Under the Weighted Average perpetual inventory system, given the information below, what would be January's Cost of Goods Sold value?

Weighted Average
Date Description Units Cost per Unit
1/1 Beginning Inventory 220 $100.00
1/8 Bought Inventory 180 $120.00
1/16 Sold Inventory 160 ??

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