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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? 2025:

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

March 10 Sold 50 units

June 10 Purchased 250 units at $85

October 30 Sold 200 units

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. 12,150

b. 20,650

c. 16,600

d. 33,400

Reference no: EM133043107

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