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Harris Company had the following balances and transactions during 2016: Beginning inventory 10 March 10 June 30 October 280 units at $72 Sold 70 units
Harris Company had the following balances and transactions during 2016: Beginning inventory 10 March 10 June 30 October 280 units at $72 Sold 70 units Purchased 150 units at $76 Sold 150 units What would the cost of sales be as reported on the income statement for the year ending 31 December 2016 if the perpetual, last-in, first-out costing method is used? Select one: O A. $11,400 B. $16,440 C. $5040 D. $15,840
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