flood destroyed a company's warehouse contents on September 12. The following information was the only information that was salvaged: 1. Inventory, beginning: $28.800 2. Purchases for the period: $17,800 3. Sales for the period: $55,800 4. Sales returns for the period: $780 The company's average gross profit ratio is 32%. What is the estimated cost of the lost inventory using the gross profit method? Multiple Choice O $28,993.60 $9,186.40 Next >