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?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
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