Bakstreet Company wants to estimate inventory destroyed by flood. Its average gross profit percentage is 37%. The following information is available: $112,350 $520,850 $5,000 $4,725 $885,950 $9,760 (1) Beginning inventory: (2) Purchases: (3) Purchases returns and allowances: (4) Transportation-in: (5) Sales: (6) Sales returns and allowances: Instructions: Calculate the value of the destroyed ending inventory using the gross profit method. Round numbers to the nearest dollar, if necessary.

Bakstreet Company wants to estimate inventory destroyed by flood. Its average gross profit peicentage is 37.6. The following informatlon is avallatule Instructions: Calculate the value of the destroyed ending inventory using the gross profit method Round numbers to the nearest dellat if necessary