Question 2 Answer saved Marked out of 25.00 Flag question Estimating Inventory Using Gross Profit Method The following data is from Netflicks Company for 2020. Sales revenue $192,000 Beginning inventory 25,600 Purchases 128,000 For each separate case a through e, estimate ending inventory. a. Markup is 50% on cost. $ 0 b. Markup is 60% on sales. $ 76,800 c. Markup is 25% on cost. $ 0 d. Markup is 40% on sales. $ 38,400 e. Markup is 60% on cost. $ 0