Kesler, Inc.estimates the cost of its physical inventory at March 31 for use in an interim financial statement.The rate of markup on cost is 25%.The following account balances are available: 
The estimate of the cost of inventory at March 31 would be
Definitions:
Financial Statements
Formal records that outline the financial activities and condition of a business, including balance sheet, income statement, and cash flow statement.
Common Size Analysis
An accounting method that expresses each line item on a financial statement as a percentage of a base amount, facilitating comparison across periods and companies.
Ratio Analysis
The examination of financial statements through ratios derived from them, used to assess an organization's financial health, efficiency, and performance.
Intracompany Comparisons
The analysis and comparison of financial and operational data within the same company over different periods or segments.
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