Over the past several years, Landmark Supplies has averaged a gross profit of 34%. At the end of 20--, the income statement of the company included the information shor Sales $1,100,000 Cost of goods sold: Merchandise inventory, January 1, 20-- Purchases $67,000 840,000 $907,000 130,000 Goods available for sale Less merchandise inventory, December 31, 20- Cost of goods sold Gross profit on sales 777,000 $323,000 Inwestigation revealed that employees of the company had not taken an actual physical count of the inventory on December 31, 20-. Instead, they had merely estimated the invento Required: Under the gross profit method of inventory estimation, determine the following items to check the accuracy of the employees' estimates Gross profit on sales Cost of goods sold Ending inventory Acevendowext > mal instructor Type here to search o Submit Test for Gradine dd 9:42 AM e A