Based on the following data, estimate the cost of ending merchandise inventory using the gross profit method. $\begin{array}{lr}
\text { Sales } & \$ 250,000 \
\text { Estimated gross profit rate } & 25 \%\
\text { Beginning merchandise inventory } & \$ 9,000 \
\text { Purchases (net) } & 211,000 \
\text { Merchandise available for sale } & \$ 220,000
\end{array}$

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The Answer of Based on the following data, estimate the cost of ending merchandise inventory using the gross profit method. $\begin{array}{lr}
\text { Sales } & \$ 250,000 \
\text { Estimated gross profit rate } & 25 \%\
\text { Beginning merchandise inventory } & \$ 9,000 \
\text { Purchases (net) } & 211,000 \
\text { Merchandise available for sale } & \$ 220,000
\end{array}$

Based on the Following Data, Estimate the Cost of Ending