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A fire destroyed all ABC s merchandise inventory on October 1 . On January 1 the balance in inventory was: 3 5 5 7 .

A fire destroyed all ABCs merchandise inventory on October 1.
On January 1 the balance in inventory was: 3557.
From January 1-October 1
sales were 17785
purchases were 16006.5
the mark up on cost was 32%
The gross profit margin is (as %, e.g.34.23% would entered as 34.23): Answer 1 Question 1
Estimated COGS of inventory sold: Answer 2 Question 1
Estimated inventory destroyed: Answer 3 Question 1

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