Question 20 (4 points) Carla Vista, Inc. estimates the cost of its physical inventory at March 31 for use in an interim financial statement. The rate of markup on cost is 25%. The following account balances are available: Inventory, March 1 $545000 Purchases $425,000 Purchase returns $15,000 Sales during March $735,000 The estimate of the cost of inventory at March 31 would be $382000. $367000 $235000 $220000