Crane legler requires an estimate of the cost of goods lost by fire on march 9. merchandise on hand on january 1 was $40,280. purchases since january 1 were $76,320; freight-in, $3,604; purchase returns and allowances, $2,544. sales are made at 33 1/3% above cost and totaled $120,000 to march 9. goods costing $11,554 were left undamaged by the fire; remaining goods were destroyed.

(a) compute the cost of goods destroyed.

(b) compute the cost of goods destroyed, assuming that the gross profit is 33 1/3% of sales. (round ratios for computational purposes to 5 decimal places, e. g. 78.72345% and final answer to 0 decimal places, e. g. 28,987.)

Kubin company’s relevant range of production is 18,000 to 22,000 units. when it produces and sells 20,000 units, its average costs per unit are as follows: average cost per unit direct materials $ 7.00 direct labor $ 4.00 variable manufacturing overhead $ 1.50 fixed manufacturing overhead $ 5.00 fixed selling expense $ 3.50 fixed administrative expense $ 2.50 sales commissions $ 1.00 variable administrative expense $ 0.50 required: 1. for financial accounting purposes, what is the total amount of product costs incurred to make 20,000 units? 2. for financial accounting purposes, what is the total amount of period costs incurred to sell 20,000 units? 3. for financial accounting purposes, what is the total amount of product costs incurred to make 22,000 units? 4. for financial accounting purposes, what is the total amount of period costs incurred to sell 18,000 units?