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IT C A View Policies Current Attempt in Progress Assume that Cullumber Company uses a periodic inventory system and has these account balances: Purchases $630,000: Purchase Returns and Allowances $26.000; Purchases Discounts $10,300; and Freight-in $18,600; beginning inventory of $43,000; ending inventory of $56,300, and net sales of $740,000 Determine the amounts to be reported for cost of goods sold and gross profit. ANS Cost of goods sold $ Que Gross profit $ Que e Textbook and Media Quest Attempts: 0 of 1 used Submit Questi Questio