Shamrock Company lost most of its inventory in a fire in December just before the...
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Shamrock Company lost most of its inventory in a fire in December just before the yearend physical inventory was taken. The corporation's books disclosed the following. Merchandise with a selling price of $ remained undamaged after the fire. Damaged merchandise with an original selling price of $ had a net realizable value of $ Compute the amount of the loss as a result of the fire, assuming that the corporation had no insurance coverage. Amount of the loss 
Shamrock Company lost most of its inventory in a fire in December just before the yearend
physical inventory was taken. The corporation's books disclosed the following.
Merchandise with a selling price of $ remained undamaged after the fire. Damaged
merchandise with an original selling price of $ had a net realizable value of $
Compute the amount of the loss as a result of the fire, assuming that the corporation had no
insurance coverage.
Amount of the loss
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