The June 30, 2024, year-end trial balance for Askew Company contained the following information:

Account Debit Credit

Inventory, 7/1/2023 $ 32,000

Sales revenue $ 380,000

Sales returns 12,000

Purchases 240,000

Purchase discounts 6,000

Purchase returns 10,000

Freight-in 17,000

In addition, you determine that the June 30, 2024, inventory balance is $40,000.

Required: Calculate the cost of goods sold for the Askew Company for the year ending June 30, 2024.