Total Retail price Use the inventory table and the gross profit inventory method to estimate the ending inventory and cost of goods sold if a 40% gross profit is realized on sales and net sales are $115,360. Units Total retail Date of purchase Cost per purchased unit cost per unit value Beginning inventory 40 $830 $33,200 $975 $39,000 February 5 21 $1,750 $36,750 $2,115 $44,415 February 19 16 $975 $15,600 $2,016 $32,256 March 3 27 $470 $12,690 $600 $16,200 Goods available for sale 104 $131,871 Units sold 83 Ending inventory 21 The estimated cost of goods sold is $ Ending inventory is $