Both answers please

Problem - 7 Akimora Dairy began operations on April 1, 2015, with purchase of 250 miking cows for 18.500.000. It has completed the first month of operations and has the following information for its milking cows at the end of April 2015 (000 omitted) Milking cows Change in fair value due to growth and price changes W(250.000) Decrease in fair value due to harvest (15,000) Mik harvested during April 2015 (at net realizable value) 90,000 "Due to a very high rate of calving in the past month, there is a glut of milking cows on the market. Problem - On December 31, 2015 Felt Company's inventory burned. Sales and purchases for the year had been $1.400,000 and 5980.000, respectively. The beginning inventory (Jan 1, 2015) was S170,000, in the past Felt's gross profit has averaged 40% of selling price. Instructions Compute the estimated cost of inventory burned, and give entries as of December 31, 2015 10 close merchandise accounts