The year-end trial balance for your company contains the following normal account balances.

Inventory, beginning of the year $ 48

Inventory, end of the year 60

Purchases 200

Purchase discounts 90

Purchase returns 30

Sales 316

Sales returns and allowances 20

Sales discounts 8

Freight-in 34

Freight-out 26

Using the Periodic method,

* Compute cost of goods available to sell

* Compute cost of goods sold

* Compute gross profit