$*$BE$5\mathrm{.}12($LO $7)$ Assume the same information as in BE$5\mathrm{.}11$ and also that Kowloon Electronics has beginning inventory $($in thousands$)$ of $W60,000,$ ending inventory of $W86,000,$ and net sales of $$680,000.$ Determine the amounts to be reported for cost of goods sold and gross profit.

Compute cost of goods sold and gross profit.