You're tasked with estimating inventory contained in a building that burned down to the ground. It was a total loss. You have the following information about the inventory: Beginning inventory (cost) $167,300; Purchases (gross) $580,800; Freight-in $32,100; Sales revenue $979,300; Sales returns $73,300; Purchase discounts $11,300. Estimate the cost of the damaged inventory for insurance claim purposes, assuming a gross profit of .20% of net sales. Group of answer choices $601,600 $768,900 $906,000 $724,800 $44,100