Simpson Corporation has the following information as of December 31, the end of its fiscal year:

Purchases Discounts	$     2,850
Merchandise Inventory, December 31	78,651
Purchases	25,653
Merchandise Inventory, January 1	82,580
Purchases Returns and Allowances	3,270
Freight In	10,326

Instructions:

Using the information presented above, prepare the Cost of Goods Sold section of the income statement.

Make an EXCEL file to turn in your work.

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