5 Skipped Confucius Bookstore's inventory is destroyed by a fire on September 5. The following data for the current year are available from the accounting records. Beginning inventory, January 1 January 1 through September 5 purchases (net) January 1 through September 5 sales (net) Current year's estimated gross profit rate Estimate the cost of the inventory destroyed. $ 190,000 $309,000 $ 618,000 35% Beginning inventory eBook Estimated September 5 inventory destroyed $ 190,000 $ 190,000