The following information is available for October for Jordan Company. Beginning Inventory $50,000 Sales $290,000 Purchases Purchase Returns 165,000 15,000 Sales Returns 20,000 Percentage Markup on Cost 80% A fire destroyed most of Jordan's October 31 inventory warehouse, leaving undamaged inventory with a cost of $3,000. Using the gross profit method, the estimated ending inventory destroyed by fire is: Select one: Oa. $13,000 O b. $35,889 OC $47,000 O d. $50,000 Oe. $62,000