Crane Company prepares monthly financial statements and uses the gross profit method to estimate ending inventories. Historically, the company has had a 35% gross profit rate. During June, net sales amounted to $170000; the beginning inventory on June 1 was $48000; and the cost of goods purchased during June amounted to $85000. The estimated cost of Crane Company's inventory on June 30 is $22500. $59500, $107500. $16800.