The inventory value of ABC company on jan. 30 was 13,720 if the company wants to estimate inventory costs at the end of February 2020 using the gross profit margin method and the data for February 2020 as follows:

The company has compiled the financial information until February 28, 2020.

Net purchased (at 90,000 cost) (on Feb. 1-28) freight in (at cost) 4500 purchase return (at 2000 cost) Sales(at selling 126000 price Sales return(at 4000 selling price) Freight out 7000