Question 7 A Revisit Later The following information is avallable for an entity for the quarter ended March 31 , of the current year: Merchandise inventory, as of January 1 of the current year 30,000,5ales200,000, Purchases 190,000. The prots proti margh is normaly 20% of sales. What is the estimated cost of the merchardise inventory at March 31 , of the current year? Select an option 20,000 40,000 60,000 180,000