Blossom Legler requires an estimate of the cost of goods lost by fire on March 9. Merchandise on hand on January 1 was $47,880. Purchases since January 1 were $90,720; freight-in, $4,284; purchase returns and allowances, $3,024. Sales are made at 33 1/3% above cost and totaled $150,000 to March 9. Goods costing $13,734 were left undamaged by the fire; remaining goods were destroyed. (a) Compute the cost of goods destroyed. (Round gross profit percentage and final answer to O decimal places, e.g. 15% or 125.) Cost of goods destroyed $ Save for Later Last saved 9 minutes ago. Saved work will be auto-submitted on the due date. Auto- submission can take up to 10 minutes. Attempts: 0 of 1 used Submit Answer (b) Your answer is incorrect. Compute the cost of goods destroyed, assuming that the gross profit is 33 1% of sales. (Round ratios for computational purposes to 5 decimal places, e.g. 78.72345% and final answer to O decimal places, e.g. 28,987.) Cost of goods destroyed $