Pharoah Company had beginning inventory of $70,000; net sales of $385,000; and cost of goods purchased of $295,000. In the previous year, the company had a gross profit margin of 45%. Calculate the estimated cost of the ending inventory using the gross profit method. Estimated cost of ending inventory & Current Attempt in Progress On July 31, Crane Company had the following data related to the retail inventory method: goods available for sale at cost $23,328; at retail $36,000; and sales of $26,000. Calculate the estimated cost of the ending inventory using the retail inventory method. (Round percentage to 2 decimal places, e.g 52.75% and final answer to 0 decimal places, e.g. 5,275.) Estimated cost of ending inventory $