QS 5-26B Algo Estimating inventories- gross profit method LO P4

QS 5-26B (Algo) Estimating inventories-gross profit method LO P4 Confucius Bookstore's inventory is destroyed by a fire on September 5. The following data for the current year are available from the accounting records Beginning inventory, January 1 $ 200,000 January 1 through September 5 purchases (et) $ 390,000 January 1 through September 5 sales (neti $796,000 Current year's satinated gross profit rate Estimate the cost of the inventory destroyed. 411 incos Beginning inventory $ 200.000 Estimated September inventory destroyed