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Pronghorn Limited reported the following selected data for the year ended December 31, 2021: purchases $175,500; purchase returns and allowances $5,930; purchase discounts $18,370;
Pronghorn Limited reported the following selected data for the year ended December 31, 2021: purchases $175,500; purchase returns and allowances $5,930; purchase discounts $18,370; freight in $4,700; freight out $10,150; beginning inventory $94,500; and ending inventory $108,000. (a) Prepare the cost of goods sold section for Pronghorn in a multiple-step statement of income. Cost of goods sold > $ > > > > > > > 6A
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