Over the past several years. Nature Company's gross profit has averaged 25% of sales. On January 1st. the company had beginning inventory of $600,000. During January, Natures's net purchases were $800,000 and net sales totaled $1,000,000. Using the gross profit method, the estimated ending inventory at January 31st is: $550.000 $250.000 $750.000 $1.150.000 $650.000