Do not use dollar signs in your answers. It your answer is a negative number, put a minus sign in front. Your Company reported net sales in June of $750,000. At the beginning of June, the company reported beginning inventory of $650,000. Cost of goods purchased during June amounted to $425,750. The company reported ending inventory at the end of June of $825,000. What was the company's gross profit margin for June? You may want to use the following formulas: BB inventory + Purchases Cost of goods sold (CGS) What is the ending balance in the cash account?= EB Inventory Revenue Minus Discounts and allowances Net sales Minus Cost of goods sold Gross profit margin