Assume that Carla Vista Company uses a periodic inventory system and has these account balances: Purchases $377,000, Purchase Returns and Allowances $11,900, Purchase Discounts $8,700, and Freight-In $16,400. Carla Vista Company has beginning inventory of $59,800, ending inventory of $92,200, and net sales of $652,500. Determine the amounts to be reported for cost of goods sold and gross profit. Cost of goods sold $ Gross profit LA $

Assume that Carla Vista Company uses a periodic inventory system and has these account balances: Purchases $377,000, Purchase Returns and Allowances $11,900, Purchase Discounts $8,700, and Freight-in $16,400. Carla Vista Company has beginning inventory of $59,800, ending inventory of $92,200, and net sales of $652,500. Determine the amounts to be reported for cost of goods sold and gross profit. Cost of goods sold Gross profit