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Askew Compary uses a periodic inventory system. The June 30, 2018, year end trial balance for the company contained the following information: In addition, you

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Askew Compary uses a periodic inventory system. The June 30, 2018, year end trial balance for the company contained the following information: In addition, you determine that the June 30, 2018, imentory balance is $41,600. Required: 1. Calculate the cost of gonds sold for the Askew Company for the year ending June 30, 2019. 2. Prepare the year-end adjusting entry to recerd cost of goods sold. Complete this question by entering your answers in the tabs below. Prepare the year-end adjusting entry to record coat of goods sold. (If no entry is required for a transactionyevent, select "No journal entry required" in the first acoount field.) Journal entry worksheet Recond the year-end adjusting enkry for cost of goods sold. Nate: Errter deb ta betlare aredits

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