On April 15 of the Current Year, a Fire Destroyed

Multiple Choice

On April 15 of the current year, a fire destroyed the entire uninsured inventory of a retail store.The following data are available: $\begin{array}{lr}\text { Sales, January } 1 \text { through April } 15 & \$ 300,000 \\\text { Inventory, January } 1 & 50,000 \\\text { Purchases, January } 1 \text { through April } 15 & 250,000 \\\text { Markup on cost } & 25 \%\end{array}$ The amount of the inventory loss is estimated to be

A) $60,000.
B) $30,000.
C) $75,000.
D) $50,000.