The following information is available for October for Sandhill Company. (Round answers to 0 decimal places, e.g. 5,275.) Beginning inventory $360000 Net purchases 1120000 Net sales 2240000 Percentage markup on cost 66.67% A fire destroyed Sandhills October 31 inventory, leaving undamaged inventory with a cost of $22000. Using the gross profit method, the estimated ending inventory destroyed by fire is $760000. $575333. $114000. $597333.