On August 18th, a fire destroyed the office khamba lumber shed khamba and a considerable portion of the lumber stacked in the yard. To file a report of a loss for insurance purposes, the company must know what the inventories were immediately preceding the fire. No detail on perpetual inventory records of any kind were maintained. The only pertinent information you are able to obtain are the following facts from a general ledger, which was kept in a fireproof ball and thus escape destruction.

Submit your estimate of the inventory amounts immediately preceding the fire. (Round ratios for computational purposes to 5 decimal places and final answer to 0 dozen places)

Exercise 9-18 Grouper Lumber Company handles three principal lines of merchandise with these varying rates of gross profit on cost. Lumber 25% Millwork 30% Hardware and fittings 40% On August 18, a fire destroyed the office, lumber shed, and a considerable portion of the lumber stacked in the yard. To file a repor fire. No detail or perpetual inventory records of any kind were maintained. The only pertinent information you are able to obtain an Lumber Millwork Hardware Inventory, Jan. 1, 2017 Purchases to Aug. 18, 2017 $88,900 $247,600 $45,700 1,521,600 372,700 159,000 Sales to Aug. 18, 2017 2,111.100 483,600 221.200 Submit your estimate of the inventory amou nts immediately preceding the fire. (Round ratios for computational purposes to 5 Millwork Hardware Lumber Inventory