Exercise 5-17 The trial balance of A. Wiencek Company at the end of its fiscal year, August 31, 2020, includes these accounts: Inventory $19,500; Purchases $149,000; Sales Revenue $190,000; Freight-In $5,000; Sales Returns and Allowances $3,000; Freight-Out $1,000; and Purchase Returns and Allowances $2,000. The ending inventory is $23,000 Prepare a cost of goods sold section for the year ending August 31 (periodic inventory). (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) A. WIENCEK COMPANY Income Statement - cost of goods sold section (periodic system) Bu Click if you would like to Show Work for this question: Open Show Work By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. Question Attempts: 0 of 3 used