Given the following information for an inventory item of the Scottsdale Corporation: Cost Replacement Cost Estimated Sales Price Normal Profit Cost of Completion $102 $108 $120 $6 $13 Using the LCM Rule, the proper inventory amount for the balance sheet is: Select one: a $108 b$104 C. $101 d. $102 e $107 3 The following information is available for October for Jordan Company Beginning Inventory $70,000 Purchases 195,000 Purchase Returns 25,000 Sales Sales Returns Porcentage Markup on Cost $330,000 15,000 40% . A fire destroyed inost of Jordan's October 31 inventory warehouse, leaving undamaged inventory with a cost of $3,000. Using the gross profit method, the estimated ending inventory destroyed by fire is: Select one: $29,286 b. $12,000 c$51.000 d$4286