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Jameson Company had the following balances and transactions during? 2019: Beginning Merchandise Inventory as of January? 1, 2019 160 units at $72 March 10 Sold
Jameson Company had the following balances and transactions during? 2019:
Beginning Merchandise Inventory as of January? 1, 2019 | 160 units at $72 |
March 10 | Sold 80 units |
June 10 | Purchased 100 units at $79 |
October 30 | Sold 100 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
Lastminus??in, first?out inventory costing method are? used?
A.
$5,760
B.
$12,960
C.
$13,660
D.
$7,900
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