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10 pts The trial balance of Rachel Company at the end of its fiscal year, August 31, 2021, includes these accounts: Inventory $19,200; Purchases $145,000;

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10 pts The trial balance of Rachel Company at the end of its fiscal year, August 31, 2021, includes these accounts: Inventory $19,200; Purchases $145,000; Sales Revenue $175,000; Freight-in $9.000; Sales Returns and Allowances $3,000; Freight-Out $1,000; Sales Discounts $2,000; and Purchases Returns and Allowances $5,000. The ending inventory is $24,000. Prepare a cost of goods sold section for the year ending August 31. Edit Format Table 12pt Paragraph BI VALTY

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