Question: Please answer problem #18, SHOWING ALL WORK ACCORDINGLY ON ALL PARTS. Thank you! The trial balance of Oriole Company at the end of its fiscal

Please answer problem #18, SHOWING ALL WORK ACCORDINGLY ON ALL PARTS. Thank you!

you! The trial balance of Oriole Company at the end of its

The trial balance of Oriole Company at the end of its fiscal year, August 31, 2022, includes these accounts: Inventory $ 31,000; Purchases $ 155,600; Sales Revenue $ 198,000; Freight-In $8,700; Sales Returns and Allowances $4,600: Freight-Out $1,500; and Purchases Returns and Allowances $ 6,400. The ending inventory is $ 23,000. Prepare a cost of goods sold section for the year ending August 31. ORIOLE COMPANY Income Statement (Cost of Goods Sold section - Periodic system) $ 4 . + $

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