Question
10. Given the following information, prepare in good form the cost of goods sold section of an income statement for 20x5. Freight-In $ 4,000 Merchandise
10. Given the following information, prepare in good form the cost of goods sold section of an income statement for 20x5.
| Freight-In | $ 4,000 |
| Merchandise Inventory, December 31, 20x4 | 15,000 |
| Merchandise Inventory, December 31, 20x5 | 16,000 |
| Purchases | 38,000 |
| Purchases Returns and Allowances | 1,800 |
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Cost Management
Authors: Don R Hansen, Maryanne M Mowen, Dan L Heitger
5th Edition
357141091, 978-0357141090
