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A company suffered a fire loss on April 20,2024. The company's last physical inventory was...

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Accounting

A company suffered a fire loss on April 20,2024. The company's last physical inventory was taken January 30,2024, at which time the inventory totaled $228,000. Sales from January 30 to April 20 were $608,000 and purchases during that time were $458,000. The company consistently reports a 25% gross profit. The estimated inventory loss is:

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