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Harris, Inc

question 106

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Harris, Inc. had the following balances and transactions during 2017: Harris, Inc. had the following balances and transactions during 2017:   What would be reported for Cost of Goods Sold on the income statement for the year ending December 31, 2017 if the perpetual inventory system and the last-in, first-out inventory costing method are used? A)  $11,650 B)  $7,900 C)  $3,750 D)  $11,250 What would be reported for Cost of Goods Sold on the income statement for the year ending December 31, 2017 if the perpetual inventory system and the last-in, first-out inventory costing method are used?


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