The following information is available for October for Pharoah Company. Beginning inventory $390000 Net purchases 1130000 Net sales 2260000 Percentage markup on cost 66.67%

A fire destroyed Pharoahs October 31 inventory, leaving undamaged inventory with a cost of $23000. Using the gross profit method, the estimated ending inventory destroyed by fire is

A)740000.

B)$602667.

C)$141000

. D)$579667.