View Policies Current Attempt in Progress Novak Company uses the gross profit method to estimate inventory for monthly reporting purposes. Presented below is information for the month of May. (a) Compute the estimated inventoryat May 31 , assuming that the pross profit is 25% of sales. The estimated inventory at May 32 eTextbook and Media Attempts: 0 of 3 used (b) The narts of this question nust be comioleted on order. This part will be avaitable when vou complite the part aboves