The June 30, 2021, year-end trial balance for Askew company contained the following information:   Account Debit Credit Inventory, 7/1/2020 32,000   Sales revenue   380,000 Sales returns 12,000   Purchases 240,000   Purchase discounts   6,000 Purchase returns   10,000 Freight-in 17,000           In addition, you determine that the June 30, 2021, inventory balance is $40,000.   Required: Calculate the cost of goods sold for the Askew Company for the year ending June 30, 2021.

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