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Jameson Company had the following balances and transactions during 2019: Beginning Merchandise Inventory as of January 1, 2019 March 10 June 10 October 30 140

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Jameson Company had the following balances and transactions during 2019: Beginning Merchandise Inventory as of January 1, 2019 March 10 June 10 October 30 140 units at $72 Sold 70 units Purchased 150 units at $76 Sold 150 units Marcn TV June 10 October 30 Sola u UNIIS Purchased 150 units at $76 Sold 150 units What would be reported for Cost of Goods Sold on the income statement for the year ending December 31, 2019 if the perpetual inventory system and the last -in, first-out inventory costing method are used? ECCO O A. $16,440 O B. $5,040 O C. $11,400 OD. $15,840

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