When preparing its quarterly financial statements, Pace Co. uses the gross margin method to estimate ending inventory. The following information is available for the quarter ending March 31. Year 2 Beginning inventory Purchases Sales Estimated gross margin percentage $ 227,500 $ 815,000 $1,162,500 45% What is the estimated amount of inventory that is on hand on March 31, Year 2? (Do not round your intermediate calculations.) Multiple Choice $403,125 $639,375 TB MC Qu. 05-78 When preparing its quarterly financial statements.. When preparing its quarterly financial statements, Pace Co uses the gross margin method to estimate ending inventory. The following information is available for the quarter ending March 31. Year 2 Beginning inventory Purchases Sales Estimated gross margin percentage $ 227,500 $ 815,800 $1,162,500 What is the estimated amount of inventory that is on hand on March 31. Year 2? (Do not round your intermediate calculations Multiple Choice $403.125 hep SVE SEX Submit What is the estimated amount of inventory that is on hand on March 31, Year 29 (Do not round your intermediate calculations. Multiple Choice 0 $403,125 O $639,375 $469,125 o $573.375 Next >