At the beginning of the year, Whispering Winds had an inventory of $$370000.$ During the year, the company purchased goods costing $$1040000.$ If Whispering Winds reported ending inventory of $$310000$ and sales of $$1900000,$ their cost of goods sold and gross profit rate would be

$$1100000$ and $58\%$

$$1170000$ and $42\%$

$$730000$ and $57\mathrm{.}89\%$

$$1100000$ and $42\mathrm{.}11\%.$