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#2 (CH 4,50 1 A flood destroyed all of Endor Company's inventory on November 15th. Fortunately, Endor has a recent backup of their accounting records so the following information is available for the current year: Beginning inventory, Jan. 1 Jan. 1 through Sept. 5 purchases (net) Jan. 1 through Sept. 5 sales (net) Current year's estimated gross profit rate $270,000 $369,880 $738,000 46% 01:07:27 Estimate the cost of the inventory destroyed. $ Beginning inventory Cost of goods available for sale 270,000 369.000 639,000 $ Estimated September 5 inventory destroyed Prey 2 of 20 Next >