The following information was drawn from the accounts of Sugar Corporation which uses the periodic inventory system for the current year. In the space below, prepare a Schedule of Cost of Goods Sold in good form

Advertising Expense $150

Beginning Inventory 75

Ending Inventory 65

Purchases 500

Purchase Returns & Allowances 20

Salaries Expense 265

Sales Revenue 2,800

Sales Returns & Allowances 275

Transportation In 35

Transportation Out 45