If a company had SALES of $400,000 and Cost of Goods "available" for sale of $300,000 (this is not cost of goods sold), and had an historical gross profit rate of 35%, what is your "estimate" of ending inventory for this company? (hint: look at my "BASE" formula; you will also need to translate the SALES number back to it's estimated "cost"; then solve for the missing E; COGS is the reciprocal of the gross profit rate)