Montgomery Antiques, inc., began September with inventory of $49,800. The business made net purchases of $51,600 and had net sales of $61,000 before a fire destroyed the company's inventory. For the past several years, Montgomery's gross profit percentage has been 40%.... Question content area bottom Part 1 Use the gross margin method to estimate the cost of inventory destroyed. Cost of goods available Estimated cost of goods sold: Less: Estimated cost of goods sold Estimated cost of inventory destroyed