In Year 1 Pepper Company reported a $50,000 gross margin on $250,000 of sales revenue. In Year 2 Pepper's accounting records showed sales revenue of $290,000 and cost of goods avaltable for sale of $310,000. Using the gross margin method of estimating inventory, the estimated amount of ending inventory for Year 2 is Multiple Choice $78,000. 572.500. $217,500 $32.500