III View Policies Current Attempt in Progress Assume that Martinez Company uses a periodic Inventory system and has these account balances: Purchases $480,300; Purchase Returns and Allowances $15,000; Purchase Discounts $9.100; and Freight-In $18,300. Martinez Company has beginning inventory of $68,600, ending inventory of $87.200, and net sales of $749.200. Determine the amounts to be reported for cost of goods sold and gross profit $ Cost of goods sold Gross proft $ eTextbook and Media Suve for Later Attempts: 0 of 3 used Submit Answer 888 % 3 6 8 E R. T Y