Question 6 Touchton Company reported the following financial results for 2019 and 2020 2019 2020 Sales $500,000 $600,000 Sales returns & allowances 10,000 D Net sales 490,000 580,000 Cost of goods sold Beginning inventory 30,000 E Net purchases 340,000 Cost of goods available for sale 250,000 380,000 Ending inventory 40,000 30,000 B F Cost of goods sold G Gross profit Provide the answer for each missing letter above