2 A flood destroyed a company's warehouse contents on September 12. The folowing information was the only information that was salvaged 1 inventory, beginning $28,2001 2. Purchases for the penod $17,200 3. Sales for the period $55,200 4. Sales returns for the period: $720 The company's average gross profit ratio to 37% What is the estimated cost of the lost inventory using the grois proft method? Muttle Choke $28.802.00 $400.00 054540000 SHOT760 < Prev 10 Next >> AM