Question 60 1.6 pts Stanley Lumber is preparing its financial statements. Gross margin is normally 25% of sales. Information taken from the company's records revealed sales of $25,000; beginning inventory of $2,500 and inventory purchases of $17,500. What is the estimated amount of ending inventory at the end of the period? O $ 1,250 O $3,500 O $ 6,250 O $18,750