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question kendall company uses the perpetual inventory method on january1 2014 kendal 4294200

Question

Kendall Company uses the perpetual inventory method. On January1, 2014, Kendall purchased 300 units of inventory that cost $1.00each. On January 10, 2014, the company purchased an additional 400units of inventory that cost $1.50 each. If Kendall uses theweighted average cost flow method and sells 400 units of inventory,the amount of cost of goods sold appearing on the income statementwill be:

A.          $450.

B.          $529.

C.          $514.

D.          $600.

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