Based on the information that follows, prepare the cost of goods sold section of a multiple-step income

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Based on the information that follows, prepare the cost of goods sold section of a multiple-step income statement.

Merchandise Inventory, January 1, 20-- ... $13,800

Purchases ................ 71,300

Purchases Returns and Allowances ....... 3,188

Purchases Discounts ............ 1,460

Freight-In ................. 390

Merchandise Inventory, December 31, 20-- .. 21,400

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College Accounting

ISBN: 978-0538745192

20th Edition

Authors: Heintz and Parry

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Question Posted: Dec 21, 2011 09:41 AM

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Based on the information that follows, prepare the cost of goods sold section of a multiple-step income

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