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On October 31, a fire destroyed Ivanhoe Inc.'s entire retail inventory. The Inventory on hand as of January 1 totaled $2730000. From January 1 through the time a to selling price is 40%, what is the approximate value of the inventory that was destroyed? $1861200 O $2730000. $2816800 $2527200. totaled $2730000. From January 1 through the time of the fire, the company made purchases of $666000 and had sales of $1448000. Assuming the rate of gross profit