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The June 30, 2021, year-end trial balance for Askew company contained the following information: Debit Account Credit Inventory, 7/1/2020 33,000 Sales revenue 390,000 Sales returns
The June 30, 2021, year-end trial balance for Askew company contained the following information: Debit Account Credit Inventory, 7/1/2020 33,000 Sales revenue 390,000 Sales returns 13,000 Purchases 250,000 Purchase discounts 7,000 Purchase returns 11,000 Freight-in 19,000 In addition, you determine that the June 30, 2021, inventory balance is $41,000. Required: Calculate the cost of goods sold for the Askew Company for the year ending June 30, 2021. Cost of goods sold X This is a numeric cell, so please enter numbers only
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