Question: 13) The following data are for Steve's Candy Store for January: Beginning inventory $201,000 Net sales revenue $600,000 Net purchases $500,000 Normal gross profit rate

13) The following data are for Steve's Candy Store for January:

Beginning inventory $201,000 Net sales revenue $600,000

Net purchases $500,000 Normal gross profit rate 30%

What is the company's estimated ending inventory for the month?

13)

A) $350,000 B) $420,000 C) $521,000 D) $281,000

I know the answer is D. Please show me how to get that answer

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