on september 22,2021 a flood.. complete the below table to estimate the cost of inventory...
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Accounting
on september 22,2021 a flood..
complete the below table to estimate the cost of inventory
On September 22, 2021, a flood destroyed the entire merchandise inventory on hand in a warehouse owned by the Rocklin Sporting Goods Company. The following information is avallable from the records of the company's periodic inventory system: Required: Complete the below table to estimate the cost of inventory destroyed in the flood using the gross profit method
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