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The June 30, 2021, year-end trial balance for Askew company contained the following information: Credit...

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Accounting

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The June 30, 2021, year-end trial balance for Askew company contained the following information: Credit Debit 34, 000 400,000 Account Inventory, 7/1/2020 Sales revenue Sales returns Purchases Purchase discounts Purchase returns Freight-in 14,000 260,000 8,000 12,000 21,000 In addition, you determine that the June 30, 2021, inventory balance is $42,000. Required: Calculate the cost of goods sold for the Askew Company for the year ending June 30, 2021. Cost of goods sold

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