Homework: Chapte... Question 7, S6-12 (simila... Part 1 of 2 HW Score: 2%, 0.5 of 25 points Points: 0 of 2 Save Residential Technology began the year with inventory of $272,000 and purchased $1,850,000 of goods during the year Sales for the year are 53,905 000, and Residential Technology's gross profit percentage is 80% of sales Compute Residential Technology's estimated cost of ending inventory by using the gross proft method First, calculate the cost of goods available. Then calculate the estimated cost of ending inventory Cost of goods available