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What would be reported for cost of goods sold

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Reference no: EM133027722

Question - ?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

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: EM133027722

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