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What would be reported for cost of goods sold on the income

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Reference no: EM132937818

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

Beginning Merchandise Inventory as of January? 1, 2025 200 units at $74

March 10 Sold 50 units

June 10 Purchased 125 units at $78

October 30 Sold 125 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. $13,450

B. $3,700

C. $12,950

D. $9,750

Reference no: EM132937818

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