Coronado Company uses the gross proht method to estimate inventory for monthly reporting purposes. Presented below is information for the month of May. Inventory, May 1 $ 148,700 Purchases (gross) 678,400 Freight-in 30,500 Sales revenue 1.095,000 Sales returns 70,300 Purchase discounts 11,800 Compute the estimated inventory at May 31, assuming that the gross proht is 25% of net sales. The estimated inventory at May 31 $ e Textbook and Media Compute the estimated inventory at May 31, assuming that the gross profit is 25% of cost. (Round percentage of sales to 2 decimal places, eg. 78.74% and final answer to O decimal places, e.g. 6,225) The estimated inventory at May 31 $ e Textbook and Media