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 First-In, First-Out costing method is used? (Answers are rounded to the nearest dollar.)
Definitions:
Compensation
A system of rewards, including salary, bonuses, benefits, and other forms of payment, provided to employees for their labor and achievements.
Terminal drop
A significant decline in cognitive abilities shortly before death, often seen in the final years of life.
Intellectual functioning
The capacity of the mind to come to correct conclusions about what is true or real, and the cognitive processes involved in learning, understanding, and reasoning.
Research study
A scientific investigation conducted to discover new information or relationships, test hypotheses, and validate findings.
Q2: Barnhart's sold a piece of restaurant equipment
Q55: The definition of liquidity is how:<br>A)easily an
Q100: At January 1, Smith has $1,200 of
Q102: The last two columns generally found on
Q109: Which of the following is subtracted from
Q128: In a bank reconciliation, an NSF check
Q129: Days' sales in receivables is the ratio
Q132: Azimuth Company purchases a small business for
Q134: Avery Supplies uses a periodic inventory system.
Q159: A sales return is recorded with a