Assume Dollar Valu Store estimates its inventory by the gross margin method when preparing monthly financial statements (it uses the periodic method otherwise). For the past two years, the cost of good purchased has wred 60 percent of net sales. Assume further that the company's Inventory records for its stores reveal the following data Inventory: June 1, 2020 $480,000 Transactions during June Purchases $4.920,000 Sales 58. 360.000 Requimd Requirement 1. Estimate the June 30, 2020, inventory using the grass margin method Cost of goods sold Choose from any list or enter any number in the input fields and then continue to the next