Chazen Company's Inventory balance at the beginning of the year was $6,800. During the year, the company had Purchases of $38,000 and Purchases Returns and Allowances of $2,800. The company's Inventory balance at the end of the year is $4,800. Compute cost of goods sold for the year assuming Chazen uses the periodic Inventory system. Beginning inventory Purchases Less: Purchases returns and allowances Cost of goods available for sale Less ending inventory Cost of goods sold Saved A

Chazen Company's imventory balance ar the beginning of the year was $6,800. Dunng the year the company had Purchases of $38,000 and Purchases Returns and Allowances of $2.800. The company's inventory botance ot the end of the year is $4.800. Compute cost of goods sold for the year assuming Chazen uses the periodic inventory system