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A fire completely destroyed all the inventory of Glisan Lumber Yard on August 5, 20 ., Fortunately, the accounting records were not destroyed in the

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A fire completely destroyed all the inventory of Glisan Lumber Yard on August 5, 20 ., Fortunately, the accounting records were not destroyed in the fire. The following information is provided by Glisan Lumber Yard for the time period lanuary 1 through August 5 : Required: Estimate tho amount of merchandise inventory destroyed in the fire on August 5 using the gross profit method

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