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Business, 02.02.2021 01:00 npellot123

The trial balance of D. Savage Company at the end of its fiscal year, August 31, 2017, includes these accounts: Inventory $17,200, Purchases $149,000, Sales Revenue $190,000, Freight-In $5,000, Sales Returns and Allowances $3,000, Freight-Out $1,000, and Purchase Returns and Allowances $2,000. The ending merchandise inventory is $23,000. Prepare a cost of goods sold section for the year ending August 31 (periodic inventory).

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The trial balance of D. Savage Company at the end of its fiscal year, August 31, 2017, includes thes...
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