At the beginning of the year, Whispering Winds Athletic Supply had an inventory of $372000. During the year, the company purchased goods costing $1040000. If the company reported ending inventory of $310000 and sales of $1900000, their cost of goods sold and gross profit rate would be $1102000 and 42% $730000 and 42% $1102000 and 58% $730000 and 58%