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The following information is available for October for Crane Company. (Round answers to 0 decimal places, e.g. 5,275.) Beginning inventory $510000 Net purchases 1420000 Net

The following information is available for October for Crane Company. (Round answers to 0 decimal places, e.g. 5,275.)

Beginning inventory

$510000

Net purchases

1420000

Net sales

2840000

Percentage markup on cost

66.67%

A fire destroyed Cranes October 31 inventory, leaving undamaged inventory with a cost of $29500. Using the gross profit method, the estimated ending inventory destroyed by fire is

$910000.

$196500.

$757333.

$727833.

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