A fire wiped out Prince Paper Company's Inventory. The insurance company will accept an estimate using the retail method. Last year's balance sheet stated that the ending inventory was $19,000 and it would usually sell for $36,000. Mr. Pichai knows that the cost of purchases was $150,000 and the retail selling prices for the paper totalled $284,000. Credit card receipts indicate that there was $259,000 of sales since the beginning of the year. Calculate the cost of the lost ending inventory for the insurance company. (Round the retail ratio to two decimal places and the final answer to the nearest dollar.)

The lost ending inventory is $

A fire wiped out Prince Paper Company's inventory. The insurance company wil accept on eutimato using the retall method. Last year's balance sheet stated that the ending inventory was $1,000 and it would issally seil for $6,000. Mr. Pichal knows that the cost of purchases was $150,000 and the retal seling prices for the paper totaled $284,000. Credt card receipts indicate that there was $259,000 of sales shce the boginning of the yeac. Calculate the cost of the lost ending inventory for the insurance conpany. (Round the retail ratio to two decimal places and the final answer to the nearest dollar.) The lest ending inventory is s