Business, 06.03.2020 23:44 firstone04kr
The trial balance of Pina Colada Corp. at the end of its fiscal year, August 31, 2022, includes these accounts:
Beginning Inventory $18,930;
Purchases $230,920;
Sales Revenue $205,600;
Freight-In $8,490;
Sales Returns and Allowances $4,650;
Freight-Out $2,100; and Purchase Returns and Allowances $5,030.
The ending inventory is $20,700.
Required:
1. Prepare a cost of goods sold section (periodic system) for the year ending August 31, 2017.
Answers: 1
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The trial balance of Pina Colada Corp. at the end of its fiscal year, August 31, 2022, includes thes...
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