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Business, 22.09.2020 16:01 jes69

On March 15, a fire destroyed Oriole Company's entire retail inventory. The inventory on hand as of January 1 totaled $6900000. From January 1 through the time of the fire, the company made purchases of $3032000, incurred freight-in of $342000, and had sales of $5140000. Assuming the rate of gross profit to selling price is 30%, what is the approximate value of the inventory that was destroyed

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On March 15, a fire destroyed Oriole Company's entire retail inventory. The inventory on hand as of...

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