Samson Company had the following balances and transactions during 2013. 
What would the company's Cost of goods sold be on the December 31, 2013 income statement if the perpetual average-costing method is used? (Answers are rounded to the nearest dollar.)
Definitions:
Joint Products
Products that are produced together from the same process or production system, each yielding revenue.
Product Costs
The costs directly associated with the production of goods, including direct labor, materials, and manufacturing overhead.
Weighted Average Method
An inventory costing method that calculates the cost of goods sold and ending inventory based on the weighted average cost of all items available for sale during the period.
Joint Costs
Costs incurred in the process of producing two or more products simultaneously, where the costs cannot be separated easily for each product.
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