Given the following information,prepare in good form the cost of goods sold section of an income statement for 2010.
$$\begin{array} { l r }
\text { Freight-In } & \$ 24,000 \
\text { Merchandise Inventory. December 31, 2009 } & 90,000 \
\text { Merchandise Inventory. December 31, 2010 } & 102,000 \
\text { Purchases } & 228,000 \
\text { Purchases Returns and Allowances } & 8,400
\end{array}$$

Question

Given the following information,prepare in good form the cost of goods sold section of an income statement for 2010.
 $$\begin{array} { l r } 
\text { Freight-In } & \$ 24,000 \
\text { Merchandise Inventory. December 31, 2009 } & 90,000 \
\text { Merchandise Inventory. December 31, 2010 } & 102,000 \
\text { Purchases } & 228,000 \
\text { Purchases Returns and Allowances } & 8,400
\end{array}$$

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.
 $$\begin{array} { l r } 
\text { Freight-In } & \$ 24,000 \
\text { Merchandise Inventory. December 31, 2009 } & 90,000 \
\text { Merchandise Inventory. December 31, 2010 } & 102,000 \
\text { Purchases } & 228,000 \
\text { Purchases Returns and Allowances } & 8,400
\end{array}$$

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