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Baldwin, Inc. had the following balances and transactions during 2019: Beginning Merchandise Inventory as of January 1, 2019 125 units at $81 March 10 Sold

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

Beginning Merchandise Inventory as of January 1, 2019

125 units at $81

March 10

Sold 50 units

June 10

Purchased 225 units at $86

October 30

Sold 175 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,

firstout

inventory costing method are used?

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