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The trial balance of Mendez Company at the end of its fiscal year, August 31,...

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Accounting

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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-In $ 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. MENDEZ COMPANY Income Statement $ $ vi A > > >

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