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Find what be report for cost of goods sold for ?jameson inc

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Reference no: EM132939795

?Jameson, Inc. had the following balances and transactions during? 2025:

Beginning Merchandise Inventory as of January? 1, 2025 240 units at $71

March 10 Sold 80 units

June 10 Purchased 175 units at $76

October 30 Sold 175 units

Problem 1: What would be reported for Cost of Goods Sold on the income statement for the year ending December? 31, 2025 if the perpetual inventory system and the last-?in, first-out inventory costing method are? used?

a. 18,980

b. 13,300

c. 18,105

d. 5,680

Reference no: EM132939795

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