question archive Cullumber Legler requires an estimate of the cost of goods lost by fire on March 9
Cullumber Legler requires an estimate of the cost of goods lost by fire on March 9
Subject:BusinessPrice: Bought3
Cullumber Legler requires an estimate of the cost of goods lost by fire on March 9. Merchandise on hand on January 1 was $31,920. Purchases since January 1 were $60,480; freight-in, $2,856; purchase returns and allowances, $2,016. Sales are made at 33 V3% above cost and totaled $90,000 to March 9. Goods costing $9,156 were left undamaged by the fire; remaining goods were destroyed Compute the cost of goods destroyed. (Round gross profit percentage and final answer to O decimal places, e.g. 15% or 125.) Cost of goods destroyed $ LINK TΟ ΤΕXΤ Compute the cost of goods destroyed, assuming that the gross profit is 33 /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.) Cost of goods destroyed $ Open Show Work Click if you would like to Show Work for this question:
