what is the correct answer ?

A flood destroyed a company's warehouse contents on September 12. The following information was the only information that was salvaged: 1. Inventory, beginning: $29,000 2. Purchases for the period: $18,000 3. Sales for the period: $56,000 4. Sales returns for the period: $800 The company's average gross profit ratio is 30%. What is the estimated cost of the lost inventory using the gross profit method? Multiple Choice $32,900.00. $8,360.00. $46,000.00. $47,000.00. $30,440.00