Use the Inventory Table and the gross profit inventory method to estimate the ending inventory and cost of goods sold if a 56% gross profit on sales is realized and net sales are $1,696.46. Date of purchase Units purchased Cost per Retail price unit per unit Beginning 94 $11 $19 inventory April 12 21 $10 $15 May 8 13 $12 $17 June 2 39 $13 $23 The estimated cost of goods sold is $ The estimated ending inventory is $ (Round to the nearest cent as needed.) (Round to the nearest cent as needed.)