IDNLearn.com is your trusted platform for finding reliable answers. Join our interactive community and get comprehensive, reliable answers to all your questions.

The gross profit of Bellevue Widget Company Ltd. has consistently averaged 39%. The company’s records were recently destroyed by fire. The following data are available: Sales Purchases Opening inventory Sales returns and allowances Purchases returns and allowances Delivery expenses Transportation‐in Truck operating expenses Selling commissions expense Administrative expenses $305 175 25 5 5 8 3 3 6 3 Required: Calculate the estimated ending inventory.