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What be reported as cost of goods sold on income statement

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Reference no: EM132939649

?Baldwin, Inc. had the following balances and transactions during? 2025:

Beginning Merchandise Inventory as of January? 1, 2025 150 units at $81

March 10 Sold 50 units

June 10 Purchased 250 units at $85

October 30 Sold 200 units

Problem 1: What would be reported as Cost of Goods Sold on the income statement for the year ending December? 31, 2025 if the perpetual inventory system and the first-?in, first-out inventory costing method are? used?

a. 12,150

b. 20,650

c. 16,600

d. 33,400

Reference no: EM132939649

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