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Given the following data, calculate the cost of goods sold for the period using the weighted-average method for a periodic inventory system, rounding to the nearest dollar. (Do not round in the process of your calculations, only round your final answer.) $\begin{array}{ll}1 / 1 \quad \begin{array}{l}\text { Beginning } \\ \text { inventory }\end{array} & 40 \text { units at } \$ 12 \text { per unit } \\ 3 / 5 \text { Purchases } & 20 \text { units at } \$ 14 \text { per unit } \\ 4 / 15 \text { Sale } & 30 \text { units at } \$ 30 \text { per unit } \\ 5 / 30 \text { Purchases } & 40 \text { units at } \$ 11 \text { per unit } \\ 11 / 15 \text { Sale } & 50 \text { units at } \$ 32 \text { per unit } \\ 12 / 31 \text { Ending } & 20 \text { units }\end{array}$ a) $\$ 960$ b) $\$ 980$ c) $\$ 966$ d) $\$ 2,500$

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