The trial balance of Biju Company, Ltd. at the end of its fi scal year, August 31,

Question:

The trial balance of Biju Company, Ltd. at the end of its fi scal year, August 31, 2017, includes these accounts (amounts in thousands): Inventory Rp17,200; Purchases Rp149,000; Sales Revenue Rp190,000; Freight-In Rp5,000; Sales Returns and Allowances Rp3,000; Freight-Out Rp1,000; and Purchase Returns and Allowances Rp6,200. The is Rp16,000.
Instructions
Prepare a cost of goods sold section for the year ending August 31 (periodic inventory).
Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =...