Askew Company uses a periodic inventory system. The June 30, 2016, year-end trial balance for the company contained the following information:

Account	Debit		Credit
Merchandise inventory, 7/1/15	33,800
Sales			398,000
Sales returns	13,800
Purchases	258,000
Purchase discounts			7,800
Purchase returns			11,800
Freight-in	20,600

In addition, you determine that the June 30, 2016, inventory balance is $41,800.

Required:

1.	Calculate the cost of goods sold for the Askew Company for the year ending June 30, 2016.