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.

Gross Profit: 186,000 - 154,700 = 31,300

COGS: 154,700

Net Sales: 186,000

Explanation:

Beginning Inventory                         18,700

Purchases                                       154,000

Freight-In                                            8,000

Purchase Returns and Allowances (5,000)

Ending inventory                            (21,000)  

COGS                                               154,700

Sales Revenue                            190,000

Sales Returns and Allowances     (3,000)

Freight-Out                                    (1,000)  

Net Sales:                                    186,000

Gross Profit: 186,000 - 154,700 = 31,300

Notes: the freight-in are cost required to get the inventory ready for sale so arec capitalized through inventory

the freight-out is part of the effort to sale, thus decrease the sales figure.

answer(c) factors of production;

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.