Problem $9-5($Algo$)$ Gross profit method $[$LO$9-2]$

Southern Distributors, Incorporated, supplies ice cream shops with various toppings for making sundaes. On November $17,2024,$ a fire resulted in the loss of all of the toppings stored in one section of the warehouse. The company must provide its insurance company with an estimate of the amount of inventory lost. The following information is available from the company's accounting records:

$\backslash$table$[[,$Fruit,Marshmallow,Chocolate$],[,$Toppings,Toppings,Toppings$],[$Inventory$,$ January $1,2024,$$$25,000,$$$7,500,$$$3,500$