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Cost of Merchandise Sold and Related Items

The following data were extracted from the accounting records of Harkins Company for the year ended April $30,20V$ :

Merchandise inventory, May $1,20$ Y $6$

Merchandise inventory, April $30,20$ Y$7$

Purchases

Purchases returns and allowances

Purchases discounts

Sales

$$382,100$

$477,600$

$3,104,500$

$95,500$

$57,300$

$4,776,200$

$14,300$

Freight in

a$.$ Prepare the cost of merchandise sold section of the income statement for the year ended April $30,20$Y$7,,$ using the periodic inventorv