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help The adjusted trial balance of A. Sunland Company at the end of its fiscal year, August 31, 2022, includes these accounts: Inventory $19,500; Purchases
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The adjusted trial balance of A. Sunland Company at the end of its fiscal year, August 31, 2022, includes these accounts: Inventory $19,500; Purchases \$151,000; Sales Revenue \$193,000; Freight-In \$4,200; Sales Returns and Allowances \$3,750; Freight-Out $1,750; and Purchase Returns and Allowances $2,900. The ending inventory is $24,000. Prepare a cost of goods sold section on the income statement for the year ended August 31,2022 (periodic inventory system). $Step by Step Solution
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