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9. On April 15 of the current year, a fire destroyed the entire uninsured inventory of a retail store. The following data are available: Sales,
9. On April 15 of the current year, a fire destroyed the entire uninsured inventory of a retail store. The following data are available: Sales, January 1 through April 15 300,000 Inventory, January 1 50,000 Purchases, January 1 through April 15 250,000 Markup on cost 25% The amount of the inventory loss is estimated to be (A) 60,000. (B) 30,000. (C) 75,000. (D) 50,000
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