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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College Accounting

ISBN: 978-0538745192

20th Edition

Authors: Heintz and Parry

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Question Posted: Dec 21, 2011 09:40 AM

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Prepare the cost of goods sold section for Havens Gift Shop. The following amounts are known: Beginning

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