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Harris, Inc. had the following balances and transactions during 2017: Beginning Merchandise Inventory as of January 1, 2017 200 units at exist74 March 10 Sold
Harris, Inc. had the following balances and transactions during 2017: Beginning Merchandise Inventory as of January 1, 2017 200 units at exist74 March 10 Sold 50 units June 10 Purchased 100 units at exist79 October 30 Sold 100 units What would be reported for Cost of Goods Sold on the income statement for the year ending December 31, 2017 if the perpetual inventory system and the last-in, first-out inventory costing exist3, 700 exist11, 100 exist7, 900 exist11, 600
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