View Policies Current Attempt in Progress The trial balance of Cullumber Company at the end of its fiscal year, August 31, 2022, includes these accounts: Inventory $22,500; Purchases $194,000; Sales Revenue $245,000; Freight-In $7,500; Sales Discounts $5,700; Sales Returns and Allowances $6,300; Freight-Out $4,000; Purchase Discounts $5,400 and Purchase Returns and Allowances $4,900. The ending Inventory is $29,397. (a) Prepare a cost of goods sold section for the year ending August 31 (periodic inventory). CULLUMBER COMPANY Cost Of Goods Sold Section HELENE FREDER

Current Attempt in Progress The trial balance of Cullumber Company at the end of its fiscal year, August 31, 2022, includes these accounts: Inventory $22,500; Purchases $194,000; Sales Revenue $245,000; Freight-In $7,500; Sales Discounts $5,700; Sales Returns and Allowances $6,300; Freight-Out $4,000; Purchase Discounts $5,400 and Purchase Returns and Allowances $4,900. The ending Inventory is $29,397. (a) Prepare a cost of goods sold section for the year ending August 31 (periodic inventory). Prepare a cost of goods sold section for the year ending August 31 (periodic inventory)