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Business, 12.02.2021 01:00 depinedainstcom
On March 15, a fire destroyed Sandhill Company's entire retail inventory. The inventory on hand as of January 1 totaled $6200000. From January 1 through the time of the fire, the company made purchases of $2332000, incurred freight-in of $272000, and had sales of $4440000. 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 Sandhill Company's entire retail inventory. The inventory on hand as o...
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