Question: Not sure how to do this question. I need someone to comeplete so I can understand how to do it. Not The One, Inc., needs

Not sure how to do this question. I need someone to comeplete so I can understand how to do it.

Not The One, Inc., needs to estimate the ending inventory for the fiscal quarter ending 3-31-2021, based on the following information: merchandise on hand 1-1-2021 had a cost of $ 25,000. and the quarter's purchases were $ 265,000. the purchase returns were $ 15,500. Sales (20% of which are gross profit) were $ 280,400. What is the ending inventory for 3-31-2021? MacBook Ali 25 0 24 . 1 0 s 4 A 6 N@ . 9 7 5 8 3 1 T Y U - 0 R W E 1 J L K A F G H S D 1 V ? V N B C N

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