Bonita Company March 1st

The inventory of Bonita Company was destroyed by fire on March 1. From an examination of the accounting records, the following data for the first 2 months of the year are obtaked: Sales Revenue $57,000, Sales Returns and Allowances $1,000, Purchases $32,000, Freight-In $1,200, and Purchase Returns and Allowances $1,400, Determine the merchandise lost by fire, assuming: (a) A beginning irventory of $22,000 and a gross profit rate of 32% on net sales. Estimated cost of merchandise lost