Bruisers suffered a loss of its inventory on March 9 due to a fire in its warehouse. Beginning inventory January 1 was $38,000. Purchases since January 1 were $92,000, freight-in $3,400, purchase returns and allowances $2,400. Sales are made at 33 1/3% above cost (Gross Profit as a % of costs) and totaled $120,000. Goods remaining and undamaged were $10,900.

A. Compute the cost of goods destroyed.

B. Compute the cost of goods destroyed, assuming that the gross profit is 33 1/3% of sales (Gross Profit as a % of sales).