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What be reported as cost of goods sold on income statement

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Reference no: EM132937821

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

Beginning Merchandise Inventory as of January? 1, 2025 150 units at $81

March 10 Sold 80 units

June 10 Purchased 200 units at $85

October 30 Sold 230 units

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

A. $19, 270

B. $12,150

C. 25,750

D. $29,150

Reference no: EM132937821

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