Discount Furniture began the year with inventory of $51, 600 and during the year made purchases of $329,300. Sales for the year are $505,800, and Discount Fumiture's gross profit percentage is 45 percent of sales Compute Discount Furniture's'estimated cost of ending inventory using the gross profit method. Start by calculating the cost of goods available, then calculate the estimated cost of goods sold in order to determine the estimated cost of ending inventory Cost of goods available for sale