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The June 30, 2021, year-end trial balance for Askew company contained the following information: Debit 32,600 Credit 386,000 Account Inventory, 7/1/2020 Sales revenue Sales returns
The June 30, 2021, year-end trial balance for Askew company contained the following information: Debit 32,600 Credit 386,000 Account Inventory, 7/1/2020 Sales revenue Sales returns Purchases Purchase discounts Purchase returns Freight-in 12,600 246,000 6,600 10,600 18,200 In addition, you determine that the June 30, 2021, inventory balance is $40,600. Required: Calculate the cost of goods sold for the Askew Company for the year ending June 30, 2021. Cost of goods sold
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