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Given the following information, prepare in good form the cost of goods sold section of an income statement, using the periodic inventory system. Beginning inventory

Given the following information, prepare in good form the cost of goods sold section of an income statement, using the periodic inventory system.
Beginning inventory $15,000
Ending inventory 16,000
Freight in 4,000
Purchases 38,000
Purchase discounts 500
Purchase returns and allowances 1,800

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