Prepare the cost of goods sold section for Havens Gift Shop. The following amounts are known: Beginning
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Prepare the cost of goods sold section for Havens Gift Shop. The following amounts are known:
Beginning merchandise inventory ....... $29,000
Ending merchandise inventory ......... 27,000
Purchases ................. 62,000
Purchases returns and allowances ......... 2,800
Purchases discounts ............... 3,400
Freight-in ................... 300
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