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Cost of goods sold question: The June 30, 2021, year-end trial balance for Askew company contained the following information: Account Debit Credit InventoryJ 7/1/2628 32,

Cost of goods sold question:

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The June 30, 2021, year-end trial balance for Askew company contained the following information: Account Debit Credit InventoryJ 7/1/2628 32, 366 Sales revenue 333, 366 Sales returns 12, 366 Purchases 243, 866 Purchase discounts 5,366 Purchase returns 18,366 Freight in 17, 666 In addition, you determine that the June 30, 2021, inventory balance is $40,300. Required: Calculate the cost of goods sold for the Askew Company for the year ending June 30, 2021

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