Uiban Tochnology bogan the year with inventory $326,000 and purchased $1,800,000 of goods during the year 50bs for the year are $3,900,000, and Uitan 7echrologha grost profit percentage. is eo\% of sales. Compule Urban Tochnology's estmated cost of ending imeotory by uting the gross profe method: Fint cakuiatn the cont of goods walable. Then calculale the estmaled cost of ending inventory Cost of goods available Estimated cost of goods sold: Beginning inventory Cost of goods available Estimated gross profit of 60% Net income Net purchases Net sales revenue Purchases