Emor Your answer is incorrect. Try agein Assume that Sheridan Company uses a periodic inventory Purchase Discounts $7,600; and Freight-in Determine the amounts to be reported for cost of goods sold and gross proft syitem and has these account balances: Purchases 5395,oo0, Purchase Reeurns and Alionances s13 17,400. Sheridan Company has beginning Inventory of $82,000, ending inventory of $85,700, and et sales of 645,00 Cost of goods sold Gross proft Click if you would like to Show Work for this question: Co Show n Question Attempts: 2 of 4 used POR LA 0