Jameson, Inc. had the following balances and transactions during2025: Beginning Merchandise Inventory as...

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Accounting

Jameson, Inc. had the following balances and transactions during2025:
Beginning Merchandise Inventory as of January1,2025
140 units at $73
March 10
Sold 70 units
June 10
Purchased 175 units at $79
October 30
Sold 175 units
What would be reported for Cost of Goods Sold on the income statement for the year ending December31,2025 if the perpetual inventory system and the lastin, firstout inventory costing method are used?

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