The trial balance of Wildhorse Company at the end of its fiscal year, August 31,...
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The trial balance of Wildhorse Company at the end of its fiscal year, August 31, 2025, includes these accounts: Beginning Inventory $22,900, Purchases $180,980, Sales Revenue $188,900, Freight-In $7,580, Sales Returns and Allowances $3,640, Freight-Out $2,900 and Purchase Returns and Allowances $5,890. The ending inventory is $23,300. Prepare a cost of goods sold section (periodic system) for the year ending August 31, 2025
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The trial balance of Wildhorse Company at the end of its fiscal year, August 31, 2025, includes these accounts: Beginning Inventory $22,900, Purchases $180,980, Sales Revenue $188,900, Freight-In $7,580, Sales Returns and Allowances $3,640, Freight-Out $2,900 and Purchase Returns and Allowances $5,890. The ending inventory is $23,300. Prepare a cost of goods sold section (periodic system) for the year ending August 31, 2025 