Item	Amount
Beginning Inventory	$980,000
Purchases	$1,140,000
Ending Inventory	$990,000
Sales	$9,000,000
Sales Returns and Allowances	$210,000
Freight-In	$380,000
Purchase Discounts	$190,000
Purchase Returns and Allowances	$96,000

Calculate the following:

1. Cost of Goods Sold (COGS)
2. Gross Profit
3. Net Sales
4. Gross Profit Percentage (Gross Profit as a percentage of Net Sales)
5. Inventory Turnover (Cost of Goods Sold divided by Average Inventory)
6. Average Inventory