= Homework: Week TWO Question 19, E10-17 (si.. Part 2 of 4 HW Score: 61.96%, 13.63 of 22 points Score: 0.13 of 1 Save A tsunami destroyed Sakutara Company's warehouse and all of its inventory Sakutaro's prior-year balance sheet reported ending inventory totaling 56 043. Sakutara's management believes that last year's gross profit percentage is a good estimate of the grass profit in the current year Sakutaro's sales last year were $45,200 and its cost of yoods sold was $22,600. Before the tsunami, Sakularo's net sales were $28.700, and Sakutara purchased 519,509 of inventory. Of the inventory purchased $293 had not yet been delivered to Sakutaro Read the requirements Requirement a. Use the gross profit method to determine Sakutaro's historical gross profit percentage Identify the appropriate formula and then calculate Sakutaro's historical gross profit percentage (Round the gross profit percentage to one decimal place. XX%) Gross profit % = (Prior year net sales - Prior year cost of goods sold) / Prior yeat net sales 50 Requirement b. Use the gross profit method to determine Sakutaro's estimated cost of goods sold Identify the appropriate formula and then calculate Sakutaro's estimated cost of goods sold for the current year. (Round any interim percentage calculations to one decimal place, XX%. Round the final estimated cost of goods sold amount that you enter into the table below to the nearest whole dollar.) Estimated cost of goods sold = Choose from any list or enter any number in the input fields and then click Check Answer Clear All Check Answer Check Answer Help Me Solve This e Text Pages Get More Help 939 PM 83F Clear 187021