Step 1: Calculate the total cost of goods available for sale. • January 1, 2025: $20 \text{ units} \times \$10/\text{unit} = \$200$ • January 25, 2025: $40 \text{ units} \times \$11/\text{unit} = \$440$ • June 25, 2025: $40 \text{ units} \times \$12/\text{unit} = \$480$ • October 10, 2025: $50 \text{ units} \times \$13/\text{unit} = \$650$ Total cost of goods available for sale = $\$200 + \$440 + \$480 + \$650 = \$1,770$ Step 2: Calculate the total units available for sale. Total units available for sale = $20 + 40 + 40 + 50 = 150$ units. Step 3: Calculate the weighted-average cost per unit. $$ \text{Weighted-average cost per unit} = \frac{\text{Total cost of goods available for sale}}{\text{Total units available for sale}} $$ $$ \text{Weighted-average cost per unit} = \frac{\$1,770}{150 \text{ units}} = \$11.80/\text{unit} $$ Step 4: Calculate the Cost of Goods Sold (COGS) for the 120 items sold. $$ \text{COGS} = \text{Units sold} \times \text{Weighted-average cost per unit} $$ $$ \text{COGS} = 120 \text{ units} \times \$11.80/\text{unit} = \$1,416 $$ The company's cost of goods sold for the 120 items sold is $\boxed{\text{}\$1,416\text{}}$ That's 2 down. 3 left today — send the next one.