Worksheet for E5-10E5-10 on page: 263The trial balance of Sanchez Company at the end of its fiscal year, August 31,2014, includes these accounts: Beginning Inventory $18,700; Purchases$154,000; Sales Revenue $190,000; Freight-In $8,000; Sales Returns andAllowances $3,000; Freight-Out $1,000; and Purchase Returns and Allowances$5,000. The ending inventory is $21,000.InstructionsPrepare a cost of goods sold section (periodic system) for the year endingAugust 31, 2014. (Refer to page 231 – Flow of Cost Illustration 5-3; Pages 246 –247; Illustration 5-13 on page 246; and the “Do It!” Demonstration. Refer toillustration 5-12 and 5-13 on page 246 & 247 to format your answer to thisproblem)Beginning InventoryPurchasesSales RevenueFreight-InSales Returns and AllowancesFreight-OutPurchase Returns and AllowancesEnding Inventory$$18,700$154,000$190,000$8,000$5,000$1000$5,000$21,000
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more