Cost flow model. A flood has destroyed the inventory of the Water Toys Company.

Before paying for damages, the CMT Insurance Company wants to know the amount of ending inventory that is missing. You have been hired to search through the watersodden mess to find as much information as you can. You find the following information about four of Water Toy's big-selling inventory items:

Compute the ending inventory, which is the amount destroyed by the flood, for any of the products that you can. You may not be able to compute ending inventory for all products. If you cannot compute the ending inventory, state what additional information you need.

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Beginning inventory Transfers into inventory accounts Transfers out of inventory accounts Ending inventory Item Rubber Rubber Diving Rafts Duckies Galoshes Equipment $ 60.000 $ 30,000 $120.000 240,000 270,000 90,000 75,000 $120,000 180.000 150,000 240.000