Blossom requlres an estimate of the cost of goods lost by fire on March 9 . Merchandise on hand on January 1 was $73,000. Purchuses since January 1 were $154,000; freight-in, $7,100; purchase returns and allowances, $4,700.5. 5 es are made at 25% above cont and totaled $185,000 to March 9 , Goods costing $21,400 were left undamaged by the fre; remaining goods were destroyed. (a) Compute the cost of goods destroyed Cost of goods destroved $ Compute the cost of goods destroyed, assuming that the gross profit is 25% of sales. Cost of goods destroyed Attempts: 0 of 3 used