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Baldwin, Inc. had the following balances and transactions during2019: Beginning Merchandise Inventory as of January1, 2019 175 units at $82 March 10 Sold 80 units
Baldwin, Inc. had the following balances and transactions during2019:
Beginning Merchandise Inventory as of January1, 2019
175 units at $82
March 10
Sold 80 units
June 10
Purchased 270 units at $86
October 30
Sold 255 units
What would be reported as Cost of Goods Sold on the income statement for the year ending December31, 2019 if the perpetual inventory system and the firstin, firstout inventory costing method areused?
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