At the beginning of the year, Saratoga Dress Co. had an inventory of $300,000. During the year, the company purchased merchandise costing $850,000. Net sales for the year totaled $1,200,000, and the gross profit rate was 45%. The cost of goods sold and the ending inventory, respectively, were:

	$1,150,000 and $660,000.
	$540,000 and $610,000.
	$660,000 and $490,000.
	Some other amounts.