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7. A fire caused heavy damage to the Anatolia Antique Store on May 21, 2023. All merchandise was destroyed. In conjunction with an insurance investigation,

image text in transcribed 7. A fire caused heavy damage to the Anatolia Antique Store on May 21, 2023. All merchandise was destroyed. In conjunction with an insurance investigation, you have been to estimate the cost of inventory destroyed. The following data for 2023 (recorded before the fire) are available: Required: Estimate the cost of inventory destroyed (5 points)

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