Kilt Electric uses the periodic inventory system. Kilt reported the following selected amounts at May 31, 2024: (Click on the icon to review the data.) a. Compute the cost of goods sold. Cost of Goods Sold: Less: Plus: Less: Cost of Goods Sold ... Compute the following for Kilt: a. Cost of goods sold. b. Gross profit. Data table Merchandise Inventory, June 1, 2023 $ 18,000 Purchase Returns and Allowances 8,500 Merchandise Inventory, May 31, 2024 Purchases 26,500 Freight In 6,500 83,000 Net Sales Revenue 170,000 Purchase Discounts 6,500 Kilt, Capital 45,000