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Jameson, Inc. had the following balances and transactions during 2025 Beginning Merchandise Inventory as of January 1, 2025 240 units at $70 March 10
Jameson, Inc. had the following balances and transactions during 2025 Beginning Merchandise Inventory as of January 1, 2025 240 units at $70 March 10 June 10 October 30 Sold 80 units Purchased 175 units at $79 Sold 175 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. $19,425 B. $17,850 C. $13,825 OD. $5,600
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