Current Attempt in Progress Assume that Sandhill Couses a periodic inventory system and has these account balances: Purchases $420,800; Purchase Returns and Allowances $11,900; Purchase Discounts $8,100; and Freight-in $17,700. Sandhill Co, has beginning inventory of $58,100 ending inventory of $92,600, and net sales of $643,000. Determine the amounts to be reported for cost of goods sold and gross profit. Cost of goods sold $ Gross profit e Textbook and Media