Henderson Company uses the gross profit method to estimate goods sold when preparing monthly financial statements require 9 inventory and cost of hand at the end of July was $126,500. The following information Its bank. Inventory on was avallable from company records: In addition, the controller is aware of $12,000 of inventory that w plen during August from one of the company's warehouses. Required: 1. Calculate the estimated inventory at the end of August, as: of 25%. 2. Calculate the estimated inventory at the end of August, as: 25%