Question 6 of 11 View Policies Current Attempt in Progress Riverbed Company uses the gross profit method to estimate inventory for monthly reporting purposes. Presented below is information for the month of May. Inventory, May 1 D $ 163,800 Purchases (gross) 651.200 Freight-in 29.500 Sales revenue 925.900 Sales returns 66.700 Purchase discounts 11,300 . Compute the estimated inventory at May 31, assuming that the gross profit is 25% of net sales. The estimated inventory at May 31 S