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:

Depression

A mental health disorder characterized by persistently low mood, loss of interest in activities, and other symptoms affecting daily functioning.

Substance Abuse

The use of a substance in a way that is not medically approved, such as using diet pills to stay awake or consuming large quantities of cough syrup that contains codeine. Substance abusers are not necessarily addicts.

Difficulty Falling Asleep

A sleep disorder characterized by trouble transitioning from wakefulness into sleep, impacting one's overall sleep quality.

Mirroring

Restating in your own words what a person is saying.