Cleveland Company, a camera store, lost some inventory in a fire on October 15. To file an insurance claim, the company must estimate its October 15 inventory using the gross profit method. For the past two years, Cleveland Company's gross profit has averaged 41% of net sales. Its inventory records reveal the following data: (Click the icon to view the data.) Read the requirements. Data Table Requirement 1. Estimate the cost of the lost inventory using the gross profit method Add: $ 57,700 Less: Inventory, October 1 Transactions October 1-15: Purchases Purchases discounts Purchase returns Sales. Net purchases 490,800 17,000 70,900 660,000 Estimated net nende end Choose from any list or enter any number in the input fields and then click Check Ans Print Done 2 parts Clear All remaining n Manson Cleveland Company, a camera store, lost some inventory in a fire on October 15. To file an insurance claim, the company must estimate its October 15 inventory using the gross profit method. For the past two years, Cleveland Company's gross profit has averaged 41% of net sales. Its inventory records reveal the following data: (Click the icon to view the data.) Read the requirements Data Table Net purchases . $ 57,700 Estimated cost of goods sold: Inventory, October 1..... Transactions October 1-15: Purchases Purchases discounts Purchase returns ... Less: Estimated cost of goods sold 490,800 17,000 70,900 660.000 Estimated cost of ending inventory lost Sales.... Choose from any list or enter any number in the input fields and then click Check Ans Print Done Clear All 2 remaining parts