The trial balance of Kingbird, Inc. at the end of its fiscal year, August 31, 2022, includes these accounts: Beginning Inventory $19,310; Purchases $154,760; Sales Revenue $182,900; Freight-In $7,590; Sales Returns and Allowances $4,650; Freight-Out $2,610; and Purchase Returns and Allowances $5,870. The ending inventory is $20,700.

Prepare a cost of goods sold section (periodic system) for the year ending August 31, 2022.

The trial balance of Kingbird, Inc at the end of its fiscal year, August 31, 2022, includes these accounts: Beginning Inventory $19,310. Purchases $154,760; Sales Revenue $182.900; Freight-In $7.590; Sales Returns and Allowances $4,650; Freight Out $2,610, and Purchase Returns and Allowances $5,870. The ending inventory is $20,700. Prepare a cost of goods sold section (periodic system) for the year ending August 31, 2022. Kingbird, Inc. Income Statement $ $ > > 5