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Metro Computer Company Had the Following Balances and Transactions During

question 143

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Metro Computer Company had the following balances and transactions during 2014.  Beginning inventory 100 units at $75 March 10 Sold 50 units  June 10 Purchased 200 units at $80 October 30  Sold 150 units \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 average-costing method is used? (Answers are rounded to the nearest dollar.)

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