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Prepare the cost of goods sold section for novak

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Problem - Novak Limited reported the following selected data for the year ended December 31, 2021: purchases $183,300; purchase returns and allowances $6,190; purchase discounts $19,190; freight in $4,900; freight out $10,610; beginning inventory $98,700; and ending inventory $112,800. Prepare the cost of goods sold section for Novak in a multiple-step statement of income.

Reference no: EM132947258

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