Samson Company had the following balances and transactions during 2013. What would the company's Cost of goods sold be on the December 31, 2013 income statement if the perpetual Last-In, First-Out costing method is used? (Answers are rounded to the nearest dollar.)

Question

Samson Company had the following balances and transactions during 2013.  What would the company's Cost of goods sold be on the December 31, 2013 income statement if the perpetual Last-In, First-Out costing method is used? (Answers are rounded to the nearest dollar.)

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The Answer of Samson Company had the following balances and transactions during 2013.  What would the company's Cost of goods sold be on the December 31, 2013 income statement if the perpetual Last-In, First-Out costing method is used? (Answers are rounded to the nearest dollar.)

Samson Company Had the Following Balances and Transactions During 2013