Nicki's Pet Supply needs to estimate its ending inventory. Using the data below, compute Nicki's estimated cost of ending inventory for the month of April. Normal gross profit average 30%

Estimated Cost

An approximation of the financial expenditure associated with a project, operation, or transaction, often used for budgeting purposes.

Ending Inventory

The value of goods available for sale at the end of an accounting period, calculated for cost of goods sold determination.

Gross Profit

The difference between sales and the cost of goods sold, indicating the profitability of a company's core business activities.