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A fire destroyed the inventory of Atlantis Company in June. Reconstructed data follows. $28,000 Beginning inventory $460,000 Sales to date of fire $280,000 Gross purchases

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A fire destroyed the inventory of Atlantis Company in June. Reconstructed data follows. $28,000 Beginning inventory $460,000 Sales to date of fire $280,000 Gross purchases to date of fire Purchase returns and allowances to date of fire $8,000 $4,000 Freight-in to date of fire $10.000 Sales returns to date of fre 43% Gross margin as a percentage of sales What was the cost of the inventory lost in the fire? Round your answer to the nearest whole dollar, Do not use commas, symbols/units leg. 5, %) or spaces in your answers. For example, one thousand five hundred and twenty-three dollars should be entered as 1523. The Canvas system may enter a comma for you. That is fine. Leave it

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