RSK Company began January with inventory of $205.000. The business made net purchases of 5640.000 and had net sales of $380,000 before a fire destroyed the company's inventory. For the past several years RSK Company's gross margin on sales has been 33 percent Required 1. Estimate the cost of the inventory destroyed by the fra 2. Identity another reason owners and managers use the gross margin method to estimate inventory on a regular basis Requirement 1. Estimate the cost of the inventory destroyed by the tre Cost of goods available for Estimated cost of goods sold: Less Estimated ending inventory Requirement 2 Identity another reason owners and managers use the gross main method to estimate inventory on a regular basis. Another reason owners and managers use the gross margin method to estimate inventory cost on a regular basis Choose from any list or enter any number in the input fields and then continue to the next