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The problem asks for Lolita Company's estimated ending inventory, using the information provided in the table:

- **Beginning Inventory**: $190,000
- **Net Purchases**: $400,000
- **Net Sales**: $770,000
- **Gross Profit Percentage**: 30%

We can use the **Gross Profit Method** to estimate ending inventory. The key steps are:

1. **Determine the cost of goods available for sale**:
   \[
   \text{Cost of Goods Available for Sale} = \text{Beginning Inventory} + \text{Net Purchases}
   \]
   \[
   \text{Cost of Goods Available for Sale} = 190,000 + 400,000 = 590,000
   \]

2. **Estimate the cost of goods sold (COGS)**:
   First, we calculate the **Gross Profit** from sales using the gross profit percentage:
   \[
   \text{Gross Profit} = \text{Net Sales} \times \text{Gross Profit Percentage}
   \]
   \[
   \text{Gross Profit} = 770,000 \times 30\% = 231,000
   \]
   Now, subtract the gross profit from net sales to estimate the COGS:
   \[
   \text{COGS} = \text{Net Sales} - \text{Gross Profit}
   \]
   \[
   \text{COGS} = 770,000 - 231,000 = 539,000
   \]

3. **Calculate the estimated ending inventory**:
   \[
   \text{Ending Inventory} = \text{Cost of Goods Available for Sale} - \text{COGS}
   \]
   \[
   \text{Ending Inventory} = 590,000 - 539,000 = 51,000
   \]

Thus, the estimated ending inventory is **$51,000**.

### Answer: 
**D) $51,000**

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Do you want more details on any step? 

Here are five related questions to expand your understanding:

1. What are the main differences between the Gross Profit Method and the Retail Inventory Method?
2. How does a change in gross profit percentage affect the estimated ending inventory?
3. Can the Gross Profit Method be used for all types of businesses?
4. How would errors in beginning inventory affect the final ending inventory?
5. What are other methods to estimate ending inventory besides the Gross Profit Method?

**Tip**: Understanding the relationship between sales, gross profit, and cost of goods sold is key for inventory estimation.

Lolita Company's estimated ending inventory is: (Beginning Inventory: $190,000, Net Purchases: $400,000, Net Sales: $770,000, Gross Profit Percentage: 30%)

Estimate Lolita Company's ending inventory using the Gross Profit Method. Given Beginning Inventory: $190,000, Net Purchases: $400,000, Net Sales: $770,000, and Gross Profit Percentage: 30%, learn how to calculate the Ending Inventory step by step.

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