Harris, Inc. had the following balances and transactions during 2017: 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 method are used?

Supporting Materials

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A

$11,650

B

$7,900

C

$3,750

D

$11,250

Beginning Merchandise Inventory as of January 1, 2017 March 10 June 10 October 30 100 units at $75 Sold 50 units Purchased Sold 100 units 100 units at $