Question 32 of 40 - / 2.5 III View Policies Current Attempt in Progress The following information is available for October for Sheridan Company. (Round answers to 0 decimal places, e.g. 5,275.) Beginning inventory $330000 Net purchases 1060000 Net sales 2120000 Percentage markup on cost 66,67% A fire destroyed Sheridan's October 31 inventory, leaving undamaged inventory with a cost of $20500. Using the gross proft method, the estimated ending inventory destroyed by fire is $730000 $97500 $565333 $544833