on august 31, a hurricane destroyed a retail location of ivanhoe's clothier including the entire inventory on hand at the location. the inventory on hand as of june 30 totaled $1870000. Since June 30 until the time of the hurricane, the company made purchases of $510,000 and had sales of $1,500,000. Assuming the rate of gross profit to selling price is 40%, what is the approximate value of the inventory that was destroyed? a. $1,920,000. b. $1,089,000. c. $1,230,000. d. $1,530,000.