11:34 Hide Question 4 View Policies Current Attempt in Progress Marigold Company prepares monthly financial statements and uses the gross profit method to estimate ending inventories. Historically, the company has had a 40% gross profit margin. During June, net sales amounted to 549100, the beginning inventory on June 1 was $15200, and the cost of goods purchased during June amounted to $26000. The estimated cost of Marigold Company's inventory on June 30ls $11740 $29460 59120 $19640 Save for Attempts: 0 of 1 used tower