$1,2021,$ In pepaing is asuranoe cain on the Ineator ies are dueto an carhquake orfollowing data: Inventory January $1,2021,$ $$300,000$; sales and purchases from January $1,2021,$ to May $1,2021,$ $$1,300,000$ and $$875,000,$ respectively. California consistently reports a $40\%$ gross profit. The estimated inventory on May $1$; $2021,$ is:A$)$ $$302,500.$B$)$ $$360,000.$C$)$ $$395,000.$D$)$ $$455,000.$