Over the past several years, landmark supplies has averged a gross profit of 34%, at the end of 20--, the income statement of the company includded the information shown below:

sales $1,100,000

cost of goods sold:

Merchandise inventory, January 1,20-- $67,000

Purchases 840,000

Goods available for sale $907,000

Less merchandise inventory, December 31,20-- 130,000

Cost of goods sold 777.000

Gross profit on sale 323,000

Investigation revealed that employees of the company had not taken an actualphysical count of the inventory on December 31,20--. Instead,they had merely estimated the inventory.

Required:

Under the fross profit method of inventory estimation, determine the following items to check the accuracy of the employees' estimates.

Gross profit on sales=?

Cost of goods sold=?

Ending inventory=?