Practice Question 36 Viewpoint Company's October 31 Inventory was destroyed by fire. The company's beginning inventory was $500,000, and purchases for January through October were $1,200,000 Sales for the same period were $1.800.000. The company's normal gross profit percentages of sales. Using the gross profit method, the October 31 inventory is estimated to be $540,000 $300,000 $440,000 $40,000 Question Attempts: 0 of 1 used WE FOR LATER SUORITA