Sheridan Stores uses a periodic inventory system and reports the following information for 2021: Beginning...
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Accounting
Sheridan Stores uses a periodic inventory system and reports the following information for 2021: Beginning inventory Ending inventory Freight in Freight out $49,000 70,000 15,000 10,100 Net sales Purchase discounts Purchase returns and allowances Purchases $529,000 6,300 9,800 334.000 Prepare the cost of goods sold section of the multiple-step income statement for Sheridan Stores. SHERIDAN STORES Income Statement
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