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A fire destroyed all ABC's merchandise inventory on October 1. On January 1 the balance...

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Accounting

A fire destroyed all ABC's merchandise inventory on October 1.

On January 1 the balance in inventory was: 3362.

From January 1-October 1 sales were 33620 purchases were 28240.8

the mark up on cost was 38%

GPM: = 27.53

Estimated COGS of inventory destroyed is:_________

Estimated inventory destroyed: _________

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