Nicki's Pet Supply Needs to Estimate Its Ending Inventory $\begin{array}{llcc} \text { Normal gross profit average } &40\% \\\end{array}$

Essay

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.
$\begin{array}{llcc} \text { Beginning inventory April 1} &\$2,000 \\ \text { Purchases for April } &12,000\\ \text { Retail sales during April } &13,000\\\end{array}$
$\begin{array}{llcc} \text { Normal gross profit average } &40\% \\\end{array}$