$9$S $6-26$B $($Algo$)$ Estimating Inventorles$-$gross profit method LO P$4$

Zonfuclus Bookstore's inventory is destroyed by a fire on September $5.$ The following data for the current year are avallable from the iccounting recorde.

Baginning inventory, January $1$

Janury it through september $5$ purchases $($net$)$

January $1$ through Septonber $5$ sales $($net$)$

$4180,600$

$438,600$

$574,000$

Current year's estiented gross profit rite

stimate the cost of the inventory destroyed