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Monarch Company uses a weighted-average perpetual inventory system and has the following purchases and sales:
January 1, 20 units were purchased at $10 per unit
On January 12, 12 units were sold.
January 20, 18 units were purchased at $11 per unit
.What is the value of the cost of goods sold?
Answer Choices are
A. 272
B. 126
C. 398
D. 120

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