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

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Inventory Valuation

Before discussing the topic inventory valuation let’s discuss the meaning of inventory. In accounting, inventory is also known as stock. Inventory means all the finished goods, materials, merchandise that a business holds for the purpose of selling it in the market with the motive of earning profit.