Swifty Company uses the gross profit method to estimate inventory for monthly reporting purposes. Presented below is information for the month of May. (a) Your answer has been saved. See score details after the due date. Compute the estimated inventory at May 31 , assuming that the gross profit is 25% of sales. The estimated inventory at May 31 Your answer has been saved. See score details after the due date. Compute the estimated inventory at May 31 , assuming that the gross profit is 25% of sales. The estimated inventory at May 31 $ (b) Compute the estimated inventory at May 31. assuming that the gross profit is 25% of cost. The estimated inventory at May 31$