What would the cost of goods sold and ending inventory, Accounting Basics

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What would the cost of goods sold and ending inventory

Harris Inc. had the following balances and transactions during 2014:

Beginning Merchandise Inventory as of January 1, 2014	100 units as $75
March 10	Sold 50 units
June 10	Purchased 200 units at $80
October 30	Sold 150 units

What would the cost of goods sold and ending inventory be as reported on the income statement for the year ending December 31, 2014 as reported on the income statement for the year ending December 31, 2014 if the perpetual, last-in, first-out (LIFO) costing method is used? (Round your answer to two decimal places)

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Accounting Basics: What would the cost of goods sold and ending inventory

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Recent Questions Asked Accounting Basics

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Accounting Basics: What would the cost of goods sold and ending inventory

Reference No:- TGS0686076

Recent Questions Asked Accounting Basics

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