Jones Inc. is a retail company. It uses the gross profit method to estimate inventory every month. Below is the information for November 2021: Inventory, November 1 $480,000 Purchase 800,000 Sales 1,100,000 Assuming that the gross profit is 30% of sales. How much is Jones's estimated inventory at November 30? O a $850,000 Ob $950,000 Oc$1,000,000 Od $1,050,000