Business, 04.12.2019 01:31 Enewton4454

Peregrine security had their entire retail inventory at the main street location destroyed by a fire on march 15, 2020. the inventory on hand as of january 1 totaled $4,950,000. from january 1 through the time of the fire, the company made purchases of $2,049,000, and had sales of $3,630,000. assuming the markup is 30% of retail, what is the approximate value of the inventory destroyed in the fire?

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Peregrine security had their entire retail inventory at the main street location destroyed by a fire...