The inventory of Sarasota's Merchandise Company was destroyed by fire on June 1. From an...
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The inventory of Sarasota's Merchandise Company was destroyed by fire on June From an examination of the accounting records, the following data for the first five months of the year were obtained: Sales $; Sales Returns and Allowances $; Sales Discounts $; Delivery Expense $; Purchases $; Freight In $; Purchase Returns and Allowances $; and Purchase Discounts $ Determine the inventory lost by fire, assuming a beginning inventory of $ and a gross profit margin of Inventory lost by fire 
The inventory of Sarasota's Merchandise Company was destroyed by fire on June From an examination of the accounting records,
the following data for the first five months of the year were obtained: Sales $; Sales Returns and Allowances $; Sales
Discounts $; Delivery Expense $; Purchases $; Freight In $; Purchase Returns and Allowances $; and
Purchase Discounts $
Determine the inventory lost by fire, assuming a beginning inventory of $ and a gross profit margin of
Inventory lost by fire
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