Lewis Company Had the Following Balances and Transactions During 2014

question 114

Multiple Choice

Lewis Company had the following balances and transactions during 2014: What would the Cost of Goods Sold be as reported on the income statement for the year ending December 31, 2014 if the perpetual weighted-average costing method is used? (Round your intermediate calculations to two decimal places)

• A)$8,160
• B)$20,400
• C)$16,240
• D)$12,000

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