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

question 103

Essay

Given the following information,prepare in good form the cost of goods sold section of an income statement for 2010.
$\begin{array}{lr}\text { Freight-In } & \$ 8000 \\\text { Merchandise Inventory, December 31, } 2009 & 30,000 \\\text { Merchandise Inventory, December 31, } 2010 & 32,000 \\\text { Purchases } & 76,000 \\\text { Purchases Returns and Allowances } & 3,600\end{array}$

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Definitions:

HIV Diagnosis

The process of testing and confirming the presence of the HIV (Human Immunodeficiency Virus) in an individual.

CD4 Count

A measure of the number of CD4+ T lymphocytes in the blood, used to assess the immune system's health in individuals, particularly those with HIV/AIDS.

Healthy Person

An individual who enjoys physical, mental, and social well-being, free from major diseases or disorders.

Opportunistic Infections

Infections that occur more frequently and are more severe in individuals with weakened immune systems, such as those with HIV/AIDS.