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Beginning inventory, January 1 $ 2 7 0 , 0 0 0 January 1 through September 5 purchases ( net ) $ 3 6 9

Beginning inventory, January 1 $ 270,000
January 1 through September 5 purchases (net) $ 369,000
January 1 through September 5 sales (net) $ 738,000
Current year's estimated gross profit rate 46%
Estimate the cost of the inventory destroyed.

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