3. The following information is available for October for Norton Company. Beginning inventory $100,000 Net purchases 300,000 Net sales 600,000 Percentage markup on cost 66.67% A fire destroyed Norton's October 31 inventory, leaving undamaged inventory with a cost of $6,000. Using the gross profit method, the estimated ending inventory destroyed by fire (4 Points) Enter your answer Submit This content is created by the owner of the form. The data you submit will be sent to the form owner. Microsoft is not responsible for the privacy or security practices of its customers, including those of this form owner. Never give out