The June 30, 2024, year-end trial balance for Askew Company contained the following Information: Account Inventory, 7/1/2023 Sales revenue Sales returns Purchases Purchase discounts Purchase returns Freight-in Debit $ 32,800 Cost of goods sold 12,800 248,000 18,600 Credit $ 388,000 6,800 10,800 In addition, you determine that the June 30, 2024, Inventory balance is $40,800. Required: Calculate the cost of goods sold for the Askew Company for the year ending June 30, 2024.

The June 30,2024, year-end trial balance for Askew Company contained the following Information: In addition, you determine that the June 30,2024 , Inventory balance is $40,800. Required: Calculate the cost of goods sold for the Askew Company for the year ending June 30, 2024