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Benediot Crop. had a fire at its main warehouse festorying all the inventory. In order to complete the insurance claim, the CFO must compute the
Benediot Crop. had a fire at its main warehouse festorying all the inventory. In order to complete the insurance claim, the CFO must compute the amount of the loss. You have been assigned to perform the calculations using the following available data:
begining inventory: 185,000
purchase up to the date of the 784000
sales up to the date of the 1457500
gross margin is always 60%
Question: How much inventory is destoryed in the fire?
Please show your calculations and build your formulas.
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