# Inventory records for Marvin Company revealed the following:UnitNumberTransactionof UnitsDateCostMar. 1 Beginning inventory\$7.151,020500Mar.10 Purchase7.28Mar.16 Purchase8507.49Mar.23 Purchase5307.70Marvin sold 2,100 units of inventory during the month. Cost of goods sold assuming weighted-average cost would be: (Do not round your intermediate calculations and round your finalanswer to nearest dollar amount. Round weighted-average unit cost to 4 decimals if necessary.)Multiple Choice\$15,551.\$15,015\$15,482\$15,288.

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Step 1

Inventory valuation can be done under different methods like FIFO,LIFO, Weighted Average.

To ascertain the weighted average cost per unit the Cost of goods available for sale are divided by the number of goods available for sale.

Step 2

Computation of COGS and ...

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