Big Box Store has operated with a 30% average gross profit ratio for a number of years. It had $105,000 in sales during the second quarter of this year. If it began the quarter with $18,500 of inventory at cost and purchased $72,500 of inventory during the quarter, its estimated ending inventory by the gross profit method is: Multiple Choice 32 $18,500 $22,050 $17,500 $31,500 $28,500