a fire destroyed a warehouse of goren geouo incorporated on may 4,2022. accounting record on that date indicated the following:

estimate the cost of inventory destroyed im the fired by using the gross profit method

Exercise 9-10 (Algo) Gross profit method [LO9-2] A fire destroyed a warehouse of the Goren Group, incorporated, on May 4.2024 Accounting records on that clate indicated the following: The gross prolt catio has aversged 30 se of sales for the psit four vears nectited: Use bre oross plofit method to estimste the cast or we imventory destroyed in the hie