Johns Specialty Store uses a periodic inventory system. The following are some inventory transactions for the month of May 2016

	John's purchased merchandise on account for $5,700. Freight charges of $650 were paid in cash.
	Johns returned some of the merchandise purchased in (1). The cost of the merchandise was $950 and Johns account was credited by the supplier.
	Merchandise costing $3,150 was sold for $5,900 in cash I need the journal entry for COGS for $3,150 for PERIODIC inventory system. if one is necessary Thanks