Jameson company had the following balances and transactions during 2019: beginning merchandise inventory as of...
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Accounting
Jameson company had the following balances and transactions during 2019:
beginning merchandise inventory as of January 1,2019-- 160 units at $75
march 10- sold 80 units
june 10- purchased 150 units at $79
October 30- sold 150 units
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,
firstout
inventory costing method are used?
a)6000
b)11850
c)17250
d)17850
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