Jameson, Inc. had the following balances and transactions during 2019 Beginning Merchandise Inventory as of January 1, 2019 240 units at $72 March 10 June 10 October 30 Sold 60 units Purchased 175 units at $79 Sold 175 units What would be reported for Cost of Goods Sold on the income statement for the year ending December 31, 2019 if the perpetual inventory system and the last-in, first- out inventory costing method are used? O A $4,320 O B. $18.145 O C. $13,825 O D. $16,920 On December 1, 2018, Restaurant Equipment, Inc. sold machinery to a customer for $22,000.
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