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, $9,040; Purchases Discount, $860; Merchandise Inventory, 12/01/1X, $4,400; Purchases, $60,000; Purchases Returns and Allowances, $1,040; Freight-In, $330.
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