Metro Computer Company Had the Following Balances and Transactions During

question 151

Multiple Choice

Metro Computer Company had the following balances and transactions during 2014. 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

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