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What would be reported as cost of goods sold

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Question - Baldwin, Inc. had the following balances and transactions during 2019:

Beginning Merchandise Inventory as of January 1, 2019 175 units at $82

March 10 Sold 80 units

June 10 Purchased 270 units at $86

October 30 Sold 255 units

What would be reported as Cost of Goods Sold on the income statement for the year ending December 31, 2019 if the perpetual inventory system and the first-in, first-out inventory costing method are used?

Reference no: EM132627548

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