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The trial balance of Sunland Company at the end of its fiscal year, August 31, 2022, includes these accounts: Inventory $36,000; Purchases $153,600; Sales Revenue
The trial balance of Sunland Company at the end of its fiscal year, August 31, 2022, includes these accounts: Inventory $36,000; Purchases $153,600; Sales Revenue $188,000; Freight-In $9,300; Sales Returns and Allowances $4,900; Freight-Out $1,300; and Purchases Returns and Allowances $6,200. The ending inventory is $22,000. Prepare a cost of goods sold section for the year ending August 31. SUNLAND COMPANY Income Statement (Cost of Goods Sold section - Periodic system) $ $ PLEASE ANSWER ALL BLANKS
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