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$ 1 , 0 0 0 , Purchases $ 3 7 , 0 0 0 , Freight - In $ 1 , 4 0 0
$ Purchases $ FreightIn $ and Purchase Returns and Allowances $
Determine the merchandise lost by fire, assuming:
a
A beginning inventory of $ and a gross profit rate of on net sales.
Estimated cost of merchandise lost
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