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Business, 25.11.2021 09:50 kingoc321

A company's inventory was destroyed in a fire on January 28, 2018. The company's December 31, 2017 inventory had a cost of $40,000. The company's gross profit has consistently been 30% of sales. During January the company purchased merchandise costing $36,000 and sales of $50,000 at regular selling prices. What is the estimated cost of the inventory that was destroyed on January 28, 2018

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A company's inventory was destroyed in a fire on January 28, 2018. The company's December 31, 2017 i...
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