In a periodic inventory system.docx Q Search in Document Document Elements Tablas Charts SmartArt Review Paragraph Styles Insert A A yout Themes 12 . Styles Themes Text Box 10 11 12 13 14 On June 13, 20X8, a fire completely destroyed all the inventory of Salmon Lumber Company. Fortunately, the books were not destroyed in the fire. The following information is taken from the books of Salmon Lumber Company for the period January 1, 20X8 through June 13, 20X8. Beginning Inventory, January 1, 20x8 $450,000 Net Purchases, January 1 through June 13, 20x8 $200,000 Net Sales, January 1 through June 13, 20x8 $350,000 Normal gross profit percentage of sales 40% The estimated merchandise inventory destroyed in the fire on June 13, 2014, using the gross profit method is: Select one: . $440,000 b. $240,000 $250,000 d. $210,000