Swifty Company prepares monthly financial statements and uses the gross proht method to estimate ending inventories. Historically, the company has had a 40% gross profit margin, During June, net sales amounted to $49700; the beginning inventory on June 1 was $15300; and the cost of goods purchased during June amounted to $25000. The estimated cost of Swifty company's inventory on June 30 is $10480 $29820 59180 $19880