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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
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