Question 8 of 25 -/1 View Policies Current Attempt in Progress Swifty Company prepares monthly financial statements and uses the gross profit method to estimate ending inventories. Historically, the company has had a 35% gross profit rate. During June, net sales amounted to $171000; the beginning inventory on June 1was $ 53000, and the cost of goods purchased during June amounted to $ 87000. The estimated cost of Swifty Company's inventory on June 30 is O $59850 O $129700 O $28850. O $18550 Save for Later Attempts: 0 of 1 used Smit . :: Type here to search . o 6 o 256 PM 82F Mostly doudy A 400