If the estimated rate of gross profit is 30%, what is the estimated cost of the inventory on September 30, based on the following data? Sep. 1 Inventory (at cost) Sep. 1-30 Purchases, net (at cost) Sep. 1-30 a. $48,600 b. $39,270 c. $91,630 d. $156,302 Sales $85,932 162,000 130,900

If the estimated rate of gross profit is 30%, What is the estimated cost of the inventory on September 30 , based on the following data? Sep.1Sep.130Sep.130Inventory(atcost)Purchases,net(atcost)Sales$85,932162,000130,900 4. $40,600 . 319,270 c. 551,60 4. 5156309