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Exercise 5-13 The trial balance of Oriole Company at the end of its fiscal year, August 31, 2022, includes these accounts: Beginning Inventory $18,960; Purchases
Exercise 5-13 The trial balance of Oriole Company at the end of its fiscal year, August 31, 2022, includes these accounts: Beginning Inventory $18,960; Purchases $218,090; Sales Revenue $192,100; Freight-In $8,400; Sales Returns and Allowances $4,240; Freight-Out $2,110; and Purchase Returns and Allowances $8,680. The ending inventory is $24,200. Prepare a cost of goods sold section (periodic system) for the year ending August 31, 2022. Oriole Company Income Statement 1. Click if you would like to Show Work for this question: Open Show Work
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