The following information is available for October for Jordan Company. Beginning inventory$ 50,000 Net purchases150,000 Net sales.300,000 Estimated gross profit ratio40% of Sales A fire destroyed Jordans October 31 inventory, leaving undamaged inventory with a cost of $3,000. Using the gross profit method, the estimated ending inventory destroyed by fire is

Group of answer choices

$17,000.

$77,000.

$80,000.

$100,000.