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Add to D O X Edit & Create On April 8, 2019, a flood destroyed the warehouse of Stuco Distributing Co. From the waterlogged records
Add to D O X Edit & Create On April 8, 2019, a flood destroyed the warehouse of Stuco Distributing Co. From the waterlogged records of the company. management was able to determine that the firm's gross profit ratio had averaged 38 for the past several years and that the inventory at trfe beginning of the year was $63,100. It also was determined that during the year until the date of the flood, sales had totaled $101,100 and purchases totaled $66,800. Required: Calculate the amount of inventory loss from the flood Inventory loss e here to search 100%
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