A company's warehouse was destroyed by o tornado on March 15. The folowing information was salvaged from the ruins Inventory, beginning: $29,000 Purchases for the period: $18,000 Sales for the period: $57,000 Sales returns for the period: $600 The company's average gross profit ratio is 30%. What is the estimated cost of the lost inventory? O $32.900 O $46,400 $47,000 $7.520 120