ng wangu why Unifying Concepts: Inventory Estimation Methods McCarlie Clothing Store has the following information available: Cost Retailing Price $215,000 60,000 Purchases during March 2017 Inventory balance, March 1, 2017 Sales during March .. Average gross margin rate for the last three years. $400,000 95,000 410,000 Required: 1. On the basis of this information, estimate the cost of inventory on hand at March 31, 20 the gross margin method. 2. Use the retail inventory method to estimate the cost of ending inventory at the end of M 2017. Round to the nearest whole percent. ng wangu why Unifying Concepts: Inventory Estimation Methods McCarlie Clothing Store has the following information available: Cost Retailing Price $215,000 60,000 Purchases during March 2017 Inventory balance, March 1, 2017 Sales during March .. Average gross margin rate for the last three years. $400,000 95,000 410,000 Required: 1. On the basis of this information, estimate the cost of inventory on hand at March 31, 20 the gross margin method. 2. Use the retail inventory method to estimate the cost of ending inventory at the end of M 2017. Round to the nearest whole percent