On September $22,2024,$ a flood destroyed the entire merchandise Inventory on hand In a warehouse owned by the Rocklin Sporting Goods Company. The following informatlon is avallable from the records of the company's perlodic Inventory system:

Inventory, January $1,2824$

Net purchases, January $1$ through September $22$

Net sales, January $1$ through September $22$

Gross profit ratio

$\backslash$$ $152,600$

$382,680$

$616,680$

$26\backslash \%$

Required:

Complete the below table to estimate the cost of inventory destroyed in the flood using the gross profit method.