apter 9 Graded Homework 3 On November 21, 2021 are at Hadge Company's warehouse caused severe damage to its entire inventory of Product ex Hedge stimates that all usabie damaged goods can be sold for $23.000. The following information was available from the records of Hoeges periodinventory system: TA The Movs 1. the date of the Fire Ar to the date of the fine 100 191.00 Based on thistory Hodges gross profit ratio on Product Texis 40 ornetales Required: Calculate themed loss on the inventory from the fire using the gross prof method