MC Qu. 140 A company's warehouse... A company's warehouse contents were destroyed by a flood on September 12. The following information was the only information that was salvaged: 1. Inventory, beginning: $28,500 2. Purchases for the period: $17.500 3. Sales for the period: $55,500 4. Sales returns for the period: $750 The company's average gross profit ratio is 40%. What is the estimated cost of the lost inventory? Multiple Choice o $27,600.00 o $24.900.00 o $46,000.00