Suppose a Super Comics location suffered a fire loss and needs to estimate the cost of the goods destroyed. Beginning inventory was \(\$ 50,000\), net purchases totalled \(\$ 300,000\), and sales came to \(\$ 500,000\). Super Comics' normal gross margin is 45 percent. Use the gross margin method to estimate the cost of the inventory lost in the fire. 

a. \(\$ 150,000\)

b. \(\$ 125,000\)

c. \(\$ 75,000\)

d. \(\$ 175,000\)