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The trial balance of Skysong Company at the end of its fiscal year, August 31, 2022, includes these accounts: Inventory $20,500: Purchases $174,000; Sales Revenue

The trial balance of Skysong Company at the end of its fiscal year, August 31, 2022, includes these accounts: Inventory $20,500: Purchases $174,000; Sales Revenue $225,000; Freight-In $5,500; Sales Discounts $3,700; Sales Returns and Allowances $4,300; Freight-Out $2,000; Purchase Discounts $3,400 and Purchase Returns and Allowances $2,900. The ending Inventory is $27.478. (a) Prepare a cost of goods sold section for the year ending August 31 (periodic inventory). Skysong Company Cost Of Goods Sold section 69

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