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Harris, Inc. had the following balances and transactions during 2017: Beginning Merchandise Inventory as of January 1, 2017 March 10 June 10 October 30 240
Harris, Inc. had the following balances and transactions during 2017: Beginning Merchandise Inventory as of January 1, 2017 March 10 June 10 October 30 240 units at S70 Sold 80 units Purchased 125 units at $80 Sold 125 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 method are used? 0 A. $14,350 O B. $10,000 C. $15,600 OD. $5,60
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