Metro Computer Company Had the Following Balances and Transactions During

question 10

Multiple Choice

Metro Computer Company had the following balances and transactions during 2014. $$\begin{array} { | l | l | } \hline \text { Beginning inventory } & 100 \text { units at } \$ 75 \\\hline \text { March } 10 & \text { Sold } 50 \text { units } \\\hline \text { June } 10 & \text { Purchased } 200 \text { units at } \$ 80 \\\hline \text { October 30 } & \text { Sold } 150 \text { units } \\\hline\end{array}$$
- What would the Cost of goods sold be as reported on the income statement at December 31,2014 if the perpetual Last-In,First-Out costing method is used? (Answers are rounded to the nearest dollar.)

• A) $15,750
• B) $12,000
• C) $3,750
• D) $15,000