CALCULATOR FULL SCREEN PRINTER VERSION NE CES Exercise 5-13 Your answer is partially correct. Try again The trial balance of Mendez Company at the end of its fiscal year, August 31, 2022, includes these accounts: Beginning Inventory $18,700, Purchases $154,000; Sales Revenue $190,000, Freight- $8,000; Sales Returns and Allowances $3,000, Freight Out $1,000; and Purchase Returns and Allowances $5,000. The ending inventory is $21,000. Prepare a cost of goods sold section (periodic system) for the year ending August 31, 2022 ESOURCES gnment MENDEZ COMPANY Income Statement For the Ye Ended August 31, 2022 18,700 Inventory, August 31, 2022 (Part sion) 154000 Purchases a-b_(Part sion) 500 Less Purchase Returns and Allowances Net Purchases 149000 A Critical 2(Essay) Critical (Essay) Freight-In 800 Add s by Study Total Expenses 157000 1,75,700 > 21000 Cost of Goods Sold 1,54,700 Click if you would like to Show Work for this question: Open Show Work