Miller Company needs an estimate of its ending inventory balance. The following information is available Cost Retail Sales Revenue $180,000 Beg Inventory $35,000 $62,000 net purchases 100,000 135,000 gross margin percentages 30% Given this information, whenusing the gorss margin estimation method, ending inventory is approximately A) 1,000 b) 9,000 C) 19,000 d) 11,650 Please explain why each answer was worng and why the correct one was right