Question 26 The following information is available for October for Jordan Company: Not yet answered Points out of 3.00 Beginning Inventory $50,000 Purchases 165,000 Purchase Retums 15,000 Sales Sales Returns Percentage Markup on Cost $320.000 20,000 66.67% Flag question A fire destroyed most of Jordan's October 31 inventory, leaving undamaged inventory with a cost of $3,000. Using the gross profit method, the estimated ending inventory destroyed by fire is: Select one: a. $17,000 b. $45,000 c. $97,000 d. $20,000 e. $77,000 Question 27 The following information for the month of April is available from the records of Ireland Department Store: Not yet answered Points out of 3.00 Flag question Sales Purchases Freight-in Additional markups Markup cancellations Markdowns Markdown cancellations Inventory, April 1 At Cost At Retail $74,600 $53, 250 80,000 2,000 4,300 700 6.600 200 8,400 11,400 Estimate the cost of the April 30 inventory using the Conventional Retail Inventory Method: Select one: a. $9,380 b. $11,183 c. $10,058 d. $9,319 e. $13,668