Bargain Bins Ltd. had a beginning inventory of $20,000 and purchases for the period amounted to $110,000. Merchandise customarily sells at a 25 percent mark-up on cost. Sales revenue for the period was $150,000. Therefore, the ending inventory can be reliably estimated to be $________.

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The Answer of Bargain Bins Ltd. had a beginning inventory of $20,000 and purchases for the period amounted to $110,000. Merchandise customarily sells at a 25 percent mark-up on cost. Sales revenue for the period was $150,000. Therefore, the ending inventory can be reliably estimated to be $________.