Applying the Cost of Goods Sold Model The following amounts were obtained from Stanwick Company's accounting records. 2019 2020 $382,400 $420,640 Net sales Cost of goods sold: Beginning inventory $36,800 (d) Purchases (a) 296,700 Goods available for sale (b) (e) Ending inventory 43,420 (f) Cost of goods sold (c) Gross margin $117,520 Required: Compute the missing amounts. Input your answers as positive numbers. 2019 296,750 (g) 2020 $420,640 Net sales $382,400 Cost of goods sold: Beginning inventory $36,800 Purchases 280300 X $ 43420 296,700 Goods available for 371100 X 340120 sale Ending inventory 43,420 43370 Cost of goods sold 273680 X Gross margin $117,520 296,750 123890