Business, 22.04.2021 19:40 andreal7915

On April 15 of the current year, a fire destroyed the entire uninsured inventory of a retail store. The following data are available: Sales, January 1 through April 15 $480,000
Inventory, January 1 80,000
Purchases, January 1 through April 15 400,000
Markup on cost 25%
The amount of the inventory loss is estimated to be:

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On April 15 of the current year, a fire destroyed the entire uninsured inventory of a retail store....