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The trial balance of Marigold Corp. at the end of its fiscal year, August 31, 2022, includes these accounts: Beginning Inventory $22,660; Purchases $219,640; Sales
The trial balance of Marigold Corp. at the end of its fiscal year, August 31, 2022, includes these accounts: Beginning Inventory $22,660; Purchases $219,640; Sales Revenue $206,200; Freight-In $7,600; Sales Returns and Allowances $3,890; Freight-Out $3,820; and Purchase Returns and Allowances $6,670. The ending inventory is $21,600. Prepare a cost of goods sold section (periodic system) for the year ending August 31, 2022. Marigold Corp. Income Statement $ $
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