Suppose Mountain, Inc., lost its entire inventory in a hurricane Beginning inventory was 347.000, net purchases totaled $524.000, and sales came to $880,000. Mountain's normal gross profit percentage is 40 percent. Use the gross profit method to estimate the cost of the inventory lost in the hurricane. A $75,200 OB. 5130,800 OC. $122.200 O D. $300.000 Click to select your answer Sample Tests and Quizzes CharSort