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Bramble Corporation's April 30 inventory was destroyed by fire. January 1 inventory was $157,900, and purchases for January through April totaled $540,200. Sales revenue for
Bramble Corporation's April 30 inventory was destroyed by fire. January 1 inventory was $157,900, and purchases for January through April totaled $540,200. Sales revenue for the same period was $697,900. Bramble's normal gross profit percentage is 30% on sales. Using the gross profit method, estimate Bramble's April 30 inventory that was destroyed by fire. Estimated ending inventory destroyed in fire $ ta
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