Given the following information,prepare in good form the cost of goods sold section of an income statement for 2010.
$\begin{array}{ll}
\text { Freight-In } & \$ 8,000 \
\text { Merchandise Inventory, December 31, } 2009 & 30,000 \
\text { Merchandise Inventory, December 31, } 2010 & 32,000 \
\text { Purchases } & 76,000 \
\text { Purchases Returns and Allowances } & 3,600
\end{array}$

Question

Given the following information,prepare in good form the cost of goods sold section of an income statement for 2010.
 $\begin{array}{ll}
\text { Freight-In } & \$ 8,000 \
\text { Merchandise Inventory, December 31, } 2009 & 30,000 \
\text { Merchandise Inventory, December 31, } 2010 & 32,000 \
\text { Purchases } & 76,000 \
\text { Purchases Returns and Allowances } & 3,600
\end{array}$

Quizplus · Accepted Answer

The Answer of Given the following information,prepare in good form the cost of goods sold section of an income statement for 2010.
 $\begin{array}{ll}
\text { Freight-In } & \$ 8,000 \
\text { Merchandise Inventory, December 31, } 2009 & 30,000 \
\text { Merchandise Inventory, December 31, } 2010 & 32,000 \
\text { Purchases } & 76,000 \
\text { Purchases Returns and Allowances } & 3,600
\end{array}$

Given the Following Information,prepare in Good Form the Cost of Goods