A flood destroyed a company's warehouse contents on September $12.$ The following information was the only information that was salvaged:

Inventory, beginning: $$28,200$

Purchases for the period: $$17,200$

Sales for the period: $$55,200$

Sales returns for the period: $$720$

The company's average gross profit ratio is $37\%.$ What is the estimated cost of the lost inventory using the gross profit method?

Multiple Choice

$$11,077\mathrm{.}60.$

$$25,242\mathrm{.}40.$

$$28,602\mathrm{.}00.$

$$45,400\mathrm{.}00.$

$$44,400\mathrm{.}00.$