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Harris Company Had the Following Balances and Transactions During 2015

question 128

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Harris Company had the following balances and transactions during 2015: Harris Company had the following balances and transactions during 2015: What would the Cost of Goods Sold be as reported on the income statement for the year ending December 31, 2015 if the perpetual first-in, first-out costing method is used? A) $8,000 B) $12,200 C) $24,400 D) $16,200 What would the Cost of Goods Sold be as reported on the income statement for the year ending December 31, 2015 if the perpetual first-in, first-out costing method is used?

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