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Jameson, Inc. had the following balances and transactions during 2019: Beginning Merchandise Inventory as of January 1, 2019 March 1O 240 units at $72 Sold
Jameson, Inc. had the following balances and transactions during 2019: Beginning Merchandise Inventory as of January 1, 2019 March 1O 240 units at $72 Sold 60 units Purchased 175 units at $79 Sold 175 units June 10 October 30 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? Select one: OA. $4,320 B. $18,145 C. $16,920 O D. $13,825
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