QUESTION 41 When using the gross profit method to estimate ending inventory, it is not necessary to know O Beginning inventory O Net purchases. O Cost of goods sold O Net sales QUESTION 42 Howard's Supply Co suffered a fire loss on April 20, 2020. The company's last physical inventory was taken in January 30, 2020, at which one the Inventory totaled $220,000 Sales from January 30 to April 20 were $600,000 and purchases during that time were 1450,000 Howard's consistently reports a 30% gross profit The estimated inventory loss is O $490,000 O $238,000 $250,000 O none of these is correct p