Clef Stores uses a periodic inventory system and reports the following information for 2014:
Beginning inventory.............$51,000.................Net sales...........$531,250
Ending inventory..................68,000..................Purchase discounts...6,800
Freight in...........................13,600...Purchase returns and allowances 9,350
Freight out..........................10,625.................Purchases............340,000
Calculate
(a) Net purchases,
(b) Cost of goods purchased,
(c) Cost of goods available for sale,
(d) Cost of goods sold, and
(e) Gross profit.