Baldwin,Inc.had the Following Balances and Transactions During 2019

question 78

Multiple Choice

Baldwin,Inc.had the following balances and transactions during 2019:

What would be reported as Cost of Goods Sold on the income statement for the year ending December 31,2019 if the perpetual inventory system and the first-in,first-out inventory costing method are used?

• A)$10,125
• B)$14,675
• C)$29,475
• D)$18,725

---

Definitions:

Methedrine

A trademarked name for methamphetamine, a powerful central nervous system stimulant commonly used recreationally and, less commonly, for medical purposes.

Dexedrine

A brand name for dextroamphetamine, a central nervous system stimulant used to treat ADHD and narcolepsy.

Amphetamines

A class of stimulant drugs that affect the central nervous system to increase energy and alertness, often prescribed for attention deficit hyperactivity disorder (ADHD) and narcolepsy but also used illicitly.

Muscle Tension

The state in which muscles of the body remain semi-contracted for an extended period, which can be a response to stress, physical exertion, or neurological issues.