Assume that Pharoah Company uses a periodic inventory system and has these account balances: Purchases $$413,800,$ Purchase Returns and Allowances $$12,900,$ Purchase Discounts $$10,500,$ and Freight$-$In $$18,900.$ Assume also that Pharoah Company has beginning inventory of $$69,800,$ ending inventory of $$94,100,$ and net sales of $$642,400.$

Determine the amounts to be reported for cost of goods sold and gross profit.

Cost of goods sold

Gross profit