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(11 Points) Malcom, Inc had the following balances and transactions during 2017 ed Marked out...

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(11 Points) Malcom, Inc had the following balances and transactions during 2017 ed Marked out of Beginning Merchandise Inventory as of January1 2017 11.00 175 units at $82 Sold 70 units Purchased 225 units at $84 Sold 245 units P Flag question March 10 June 10 October 30 What would be reported as Cost of Goods Sold on the income statement for the year ending December 31, 2017 if the perpetual inventory system and the first-in, first-out inventory costing method are used? Select one a, $20,370 b $14.350 c. S26.110 $33 250

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