When preparing its quarterly financial statements, Pace Company uses the gross margin method to estimate ending inventory. The following information is available for the quarter ending March 31, Year 2: Beginning inventory $ 230,500 Purchases Sales Estimated gross margin percentage $ 833,000 $1,195,500 458 What is the estimated amount of inventory that is on hand on March 31, Year 2? (Do not round your intermediate calculations.) Multiple Choice $525,525 $537,975 $657,525 ANE 975 < Prev 11 of 30 Next > MacBook Air