Harris Inc.had the following balances and transactions during 2014:
What would the cost of goods sold be as reported on the income statement for the year ending December 31,2014 if the perpetual,last-in,first-out costing method is used? (Round your answer to two decimal places.)
A) $15,750
B) $12,000
C) $3,750
D) $15,000
Correct Answer:
Verified
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