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Save Homework: HW Ch 5 MAL: All Group A Problems Score: 0 of 1 pt 7 of 8 (0 completo) HW Score: 0%, 0 of 8 P5-46A (book/static) Question Help Gallinger Enterprises, Inc., lost its entire inventory in a hurricane that occurred on May 31, 2018. Over the past five years, gross prottas averaged 38 percent of net sales. The company's records reveal the following data for the month of May Click the icon to view the data) Read the requirements Requirement 1. Estimate the May 31 inventory, using the gross profit method - X Data Table $38.212 364.735 576 500 Teginning witory Not purchase Notas Estimated cost of goods sold Print Done Estimated ending Inventory - X * Requirements 1. Estimate the May 31 inventory, using the gross profit method. 2. Prepare the May income statement through gross profit for Gallinger Enterprises, Inc. Print Done