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Harris Company Had the Following Balances and Transactions During 2014

Question 53

Multiple Choice

Harris Company had the following balances and transactions during 2014: Harris Company 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 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

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