The trial balance of Sheridan Company at the end of its fiscal year, August 31, 2022, includes these accounts: Beginning Inventory $24,230; Purchases $200,300; Sales Revenue $184,800; Freight-In $8,530; Sales Returns and Allowances $3,610; Freight-Out $3,940; and Purchase Returns and Allowances $8,210. The ending inventory is $21,700. Prepare a cost of goods sold section (periodic system) for the year ending August 31, 2022.

Cost of good sold is $203,150.

Explanation:

Sheridan Company cost of goods sold section (periodic system) for the year ending August 31, 2022

Details                                                         $                             $

Beginning Inventory                                                              24,230

Purchases                                               200,300

Freight-In                                                     8,530

Purchase Returns and Allowances          (8,210)

Net purchases                                                                     200,620  

Cost of goods available for sales                                        224,850

Ending inventory                                                                   (21,700)

Cost of good sold                                                                 203,150

the page presents four different kinds of threats that volcanoes pose and what to do before, during, and after an eruption.

answer; purpose nondisclosure;