prepare a cost of goods sold section for the year ending august 31 (periodic inventory).

Project Description:

the trial balance of s. yunjin company at the end of its fiscal year, august 31, 2012, includes these accounts: inventory $26,390; purchases $156,400; sales revenue $192,960; freight-in $4,340; sales returns and allowances $3,890; freight-out $1,800; and purchase returns and allowances $2,400. the ending merchandise inventory is $26,820.
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