Applying the Cost of Goods Sold Model The following amounts were obtained from Stanwick Company's accounting records. Net sales, Cost of goods sold: Beginning inventory Purchases Goods available for sale Ending inventory Cost of goods sold Gross margin Required: 2019 2020 $388,600 $427,460 $36,800 (d) (a) 296,700 (b) () 42,060 (1) $122,360 Compute the missing amounts. Input your answers as positive numbers. Net sales Cost of goods sold: Beginning inventory Purchases Goods available for sale Ending inventory Cost of goods sold Gross margin 2019 $388,600 $36,800 42,060 $122,360 295,390 (9) 2020 $427,460 296,700 295,390