Question: Please help to solve and explain the steps in this question. Thank you. Brief Exercise 6-11 At May 31, swifty Company has net sales of

Please help to solve and explain the steps in this question. Thank you.

Brief Exercise 6-11 At May 31, swifty Company has net sales of $360,000 and cost of goods available for sale of $244,000. Compute the estimated cost of the ending inventory, assuming the gross profit rate is 35%. Estimated cost of ending inventory $

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