Assume that Blue Company uses a periodic inventory system and has these account balances: Purchases $448,000; Purchase Returns and Allowances $11,800; Purchase Discounts $9,300; and Freight-In $18,600. Blue Company has beginning inventory of $62,800, ending inventory of $87,200, and net sales of $758,000. Determine the amounts to be reported for cost of goods sold and gross profit.

Cost of goods sold =		$
Gross profit = $