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Current Attempt in Progress Crane Legler requires an estimate of the cost of goods...

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Accounting

Current Attempt in Progress
Crane Legler requires an estimate of the cost of goods lost by fire on March 9. Merchandise on hand on January 1 was $48,640. Purchases since January 1 were $92,160; freight-in, $4,352; purchase returns and allowances, $3,072. Sales are made at 3313% above cost and totaled $153,000 to March 9. Goods costing $13,952 were left undamaged by the fire; remaining goods were destroyed.
(a)
Compute the cost of goods destroyed. (Round gross profit percentage and final answer to 0 decimal places, e.g.15% or 125.)
Cost of goods destroyed
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