Home D Question 9 0.8 pts Grades Modules Student Survey If the estimated rate of gross profit is 45%, what is the estimated cost of the merchandise inventory on June 30, based on the following data June Merchandise inventory June 1-30 Purchases (net) June 1-30 Sales (net) $ 100,000 180,000 90.000 06@@ $240,000 5230,500 $245.500 $ 214,500 Next