Bhestroyed the warehouse of Reed Enterprises, on August 31, 20Y1. The books and records of Roed thowed the folowing information on that date Required: Use the gross profit method to entimate the cost of inventory destroyed by fire A. $1.540.000 B. 3920,000 C. $660.000 D. $1,590,000 Bhestroyed the warehouse of Reed Enterprises, on August 31, 20Y1. The books and records of Roed thowed the folowing information on that date Required: Use the gross profit method to entimate the cost of inventory destroyed by fire A. $1.540.000 B. 3920,000 C. $660.000 D. $1,590,000