Question: Un September 2 2 , 2 0 2 4 , a flood destroyed the entire merchandise inventory on hand in a warehouse owned by the

Un September 22,2024, a flood destroyed the entire merchandise inventory on hand in a warehouse owned by the Rocklin Spor Goods Company. The following information is available from the records of the company's periodic inventory syater:
Inventory, January 1,2824
Net purchases, January 1 through Septenber 22
$ 14 e ,2 ee
Net sales, January 1 through September 22
Gross profit ratio
378, e8e
558,e88
254
Required:
Complete the below table to estimate the cost of inventory destroyed in the flood using the gross proft method.
\table[[Beginning imertory,,],[Plas: Niet purchases,,],[Cost of goods mivilebie for sele,,,],[Less: Cost of goods sold:,,],[Fist sales,,],[Lese: Estimated grose profe,,],[Estimated cost of goods sold,,],[Eislinated cost af imvertory devtioyed,,]]
Un September 2 2 , 2 0 2 4 , a flood destroyed

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