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Jameson, Inc. had the following balances and transactions during 2025 Beginning Merchandise Inventory as of January 1, 2025 140 units at $71 Sold 70 units
Jameson, Inc. had the following balances and transactions during 2025 Beginning Merchandise Inventory as of January 1, 2025 140 units at $71 Sold 70 units March 10 June 10 October 30 Purchased 150 units at $77 Sold 150 units What would be reported for Cost of Goods Sold on the income statement for the year ending December 31, 2025 if the perpetual inventory system and the last-in, first-out inventory costing method are used? OA. $11,550 OB. $16,520 OC. $15,620 OD. $4,970
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