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Business, 24.04.2020 16:56 PrincessIndia

The trial balance of Sanchez Company at the end of its fiscal year, August 31, 2014, includes these accounts: Beginning Inventory $ 24,000; Purchases $ 234,700; Sales Revenue $ 191,600; Freight-In $ 7,800; Sales Returns and Allowances $ 3,800; Freight-Out $ 3,800; and Purchase Returns and Allowances $ 9,800. The ending inventory is $ 23,200. Prepare a cost of goods sold section (periodic system) for the year ending August 31, 2014.

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