The trial balance of Oriole Company at the end of its fiscal year, August 31, 2017, includes these accounts: Beginning Inventory $18,870; Purchases $224,790; Sales Revenue $204,200; Freight-In $9,780; Sales Returns and Allowances $4,720; Freight-Out $2,740; and Purchase Returns and Allowances $5,430. The ending inventory is $20,100.

Prepare a cost of goods sold section (periodic system) for the year ending August 31, 2017.