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The following information is available for October for Barton Company Beginning inventory $350,000 Nel purchases 1.050.000 Net sales 2.100,000 Percentage of Gross Profit 40.00% A

The following information is available for October for Barton Company Beginning inventory $350,000 Nel purchases 1.050.000 Net sales 2.100,000 Percentage of Gross Profit 40.00% A lire destroyed Barton's October 31 inventory, leaving undamaged Inventory with a cost of $21,000 Using the gross profit method, the estimated ending inventory destroyed by fire is $119.000 5140,000 5560.000 5040.000

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