Estimation of Fire Loss 1 answer below »

Estimation of Fire Loss

On September 28, 2013, a fire destroyed the entire merchandise inventory of Carroll Corporation. The following information is available:

Required:

What is the estimated inventory on September 28, 2013, immediately prior to the fire?

I have 150,000 as beginning inventory405,000 Purchases on Hand555,000 Cost of goods avail for salebut cannot find Less: Cost of goods sold andInventory on hand

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