Current Attempt in Progress

At the beginning of the year, Vaughn Company had an inventory of $$762000.$ During the year, the company purchased goods costing $$1555400.$ If Vaughn Company reported ending inventory of $$99000$ and sales of $$3760000,$ the company's cost of goods sold and gross profit rate must be

$$2218400$ and $41\mathrm{.}0\%.$

$$1541600$ and $69\mathrm{.}5\%.$

$$2218400$ and $59\mathrm{.}0\%.$

$$1541600$ and $41\mathrm{.}0\%.$

Attempts: $0$ of $1$ used