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Metro Computer Company Had the Following Balances and Transactions During

Question 26

Multiple Choice

Metro Computer Company had the following balances and transactions during 2014. Metro Computer Company had the following balances and transactions during 2014. What would the Cost of sales be as reported on the income statement at 31 December 2014 if the perpetual Last- In, First- Out costing method is used? (Answers are rounded to the nearest dollar.) A) $12 000 B) $15 750 C) $15 000 D) $3 750 What would the Cost of sales be as reported on the income statement at 31 December 2014 if the perpetual Last- In, First- Out costing method is used? (Answers are rounded to the nearest dollar.)


A) $12 000
B) $15 750
C) $15 000
D) $3 750

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