Buffet Inc, through ne fauk of its own, lost an entire plant due to an earthquake on May 1, 2021. in preparing its insurance aim on the inventory loss, the company developed the following data inventory january 1, 2021 $300,000, sales and purchases from January 1, 2021. to May 1, 2021, 51,300.000 and 375.000, respectively, Buffett consistently reports a 40 gross profit on sales the estimated inventory on May 1, 2021, is: 5.000 1302,500 $360,000 $395.000