ABC Inc requires an estimate of the cost of goods lost by fire on June 30. Beginning Inventory on January I was 38,000 . Purchases since January 1 were $95,000 ;freight $ 5,000, freight in, $ 5,000 ; purchase returns and allowances , 2,100 . Sales are made at 25 % above cost and totaled $120,000 to June 30. Goods costing $10,900 were left undamaged by the line ; remaining goods were destroyed . Instructions : Compute the cost of goods destroyed by the fire.