The trial balance os Skysong Company at the end of its fiscal year, August 31, 2022 includes these accounts: Inventory $20,500; Purchases $174,200; Sales Revenue $225,000; Freight-In $5,500; Sales Discount $3,700; Sales Returns and Allowances $4,300; Freight-Out $2,000; Purchase Discounts $3,400; Purchase Returns and Allowances $2,900. The ending Inventory is $27,478.

Skysong Company Cost Of Goods Sold section For the Year Ended August 31, 2022 Inventory, September 1. 2021 Purchases Less i : Purchase Returns and Allowances Net Purchases Freight-In Cost of goods purchased Net Purchares Freight-1n Cost of goods punchased Cost of goods available for sale Inventory, Augunt 31, 2022 Cost of goods sold