K Jameson, Inc. had the following balances and transactions during 2026: Beginning Merchandise Inventory as of January 1, 2026 200 units at $70 March 10 Sold 50 units June 10 October 30 Purchased 100 units at $77 Sold 100 units What would be reported for Cost of Goods Sold on the income statement for the year ending December 31, 2026 if the perpetual inventory system and the last-in, first-out inventory costing method are used? OA. $11,200 B. $7,700 OC. $3,500 D. $10,500 Next

Jameson, Inc had the following balanoes and transactions during 2026 . What would be reported for Cost of Goods Sold on the income statement for the yoar ending December 31,2026 if the perpetual invertory system and the last - in, first-out inventory costing method are used? A. $11,200 B. $7,700 C. $3,500 D. $10,500