Question: From the following accounts prepare a cost of goods sold
From the following accounts, prepare a cost of goods sold section in proper form: Merchandise Inventory, 12/31/1X, $8,990; Purchases Discount, $850; Merchandise Inventory, 12/01/1X, $4,200; Purchases, $64,000; Purchases Returns and Allowances, $960; Freight-In $280.
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