A Moving to another question will save this response. Question 10 Use the gross profit method to estimate the ending inventory: Sales 1,000,000 Beginning Inventory 200,000 Purchases 600,000 Purchase Returns 20,000 Ending Inventory ? Gross Profit Rate 30% Use the above data and the gross profit method to estimate the ending inventory: Ending Inventory equals ? $480,000 $80,000 $246,000 $234,000 A Moving to another question will save this response