Baldwin, Inc had the following balances and transactions during 2025 Beginning Merchandise Inventory as of January 1, 2025 125 units at $81 Sold 60 uns March 10 Purchased 200 units at 505 June 10 October 30 Sold What would be reported as Cost of Goods Sold on the income statement for the year ending December 31, 2025 the perpetual inventory system and the fest-in fest-out inventory costing method are used? DA $20.325 OF $10,125 OC. $15,45 OD. $27,325

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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F
Baldwin, Inc. had the following balances and transactions
during 2025
Beginning Merchandise Inventory as of January 1, 2025
March 10
125 units 51
Sold 60 units
June 10
Purchased 200 units at 505
Sold 105
October 30
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 Sest-out inventory costing method are used?
OA $20.325
OB $10,125
O.C. $15,465
OD. $27,125
Transcribed Image Text:F Baldwin, Inc. had the following balances and transactions during 2025 Beginning Merchandise Inventory as of January 1, 2025 March 10 125 units 51 Sold 60 units June 10 Purchased 200 units at 505 Sold 105 October 30 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 Sest-out inventory costing method are used? OA $20.325 OB $10,125 O.C. $15,465 OD. $27,125
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