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Current Attempt in Progress Assume that Carla Vista Co. uses a periodic inventory system and has these account balances: Purchases $430,000; Purchase Returns and Allowances

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Current Attempt in Progress Assume that Carla Vista Co. uses a periodic inventory system and has these account balances: Purchases $430,000; Purchase Returns and Allowances $11,800; Purchase Discounts $6,400, and Freight-in $16.900. Carla Vista Co. has beginning inventory of $56,600, ending inventory of $88,300, and net sales of $644,400. Determine the amounts to be reported for cost of goods sold and gross profit. Cost of goods sold $ Gross profit $

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