View Policies Current Attempt in Progress Assume that Mitchell Company uses a periodic inventory system and has these account balancer: Purchases $ 620,000: Purchase Returns and Allowances $ 25.000; Purchases Discounts $ 11,000 and Freight-in $ 19.000: beginning inventory of $ 45,000; ending inventory of $ 55,000, and net sales of $ 750,000 Determine the amounts to be reported for cost of goods sold and gross profit. Cost of goods sold S Gross profit $ e Textbook and Media Savo for Later Attempts:0 of 3 used Saturst Answer 5 - 2 3 33 5 4 6 8 o W E R T Y U 0 S D F G H J . L B N M