Confucius Bookstore's inventory is destroyed by a fire on September 5, 2016. The following data for year 2016 are avaiable trom the accounting recor Jan. 1 inventory Jan. 1 through Sept. 5 purchases (net) Jan. 1 through Sept 5 sales (net) $ 150,000 327,000 S 654,000 Year 2016 41% Required: Estimate the cost of the inventory destroyed. 150,000 327,000 S 477,000 (385,680) 91,140 Beginning inventory et cost of goods purchased Cost of goods available for sale ated cost of goods sold ber