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and Wances Rp3,000; Freight-Out Rp1,000; Rp6,200. The ending inventory is Rp16,000. Instructions Prepare a cost of goods sold section for the year ending August 31 (periodic inventory). $5.18 (LO 7) On January 1, 2020, Scott Enterprises inventory of $50.000. At December 31, 2020, Scott had the following account balances. Freight-in .000,252 any val to bris Purchases f 4,000 Purchase discounts 509,000 6,000 X Purchase returns and allowances 8.000 O Sales revenue 840,000 Sales discounts 060 0 7,000 Sales returns and allowances 0 08 11,000 December 31, 2020, Scott determines that its ending inventory is $60,090. structions or defectooordered a. Compute Scott's 2020 gross profit. 000.2 Compute Scott's 2020 operating expenses if net income is $130,000 and there are no non-operatin sales revenue activities. 19 (LO 7) Below is a series of cost of goods sold sections for companies Alpha, Beta, Chi, and Decca. Chi Decca