On January 1, Randy Company had an inventory costing $95,000. During January, Randy had net purchases of $118,900. Over recent years, Randy's gross profit in January has averaged 45% on sales. The company's net sales in January were $210,800. Calculate the estimated cost of ending inventory using the gross profit method. (Round the "cost percentage value" to the neartest cent.) Goods available for sale Beginning inventory January 1 Net purchases Cost of goods available for sale Less: Estimated cost of goods sold: Net sales at retail Cost percentage Estimated cost of goods sold Estimated ending inventory, January 31