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Can you show me step by step solution the answer is 127500 On April 23, 2022, a flood destroyed the entire merchandise inventory on hand

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Can you show me step by step solution

the answer is 127500

On April 23, 2022, a flood destroyed the entire merchandise inventory on hand in a warehouse. The following information is available from the records of the company's periodic inventory system: Required: Estimate the cost of inventory destroyed in the flood using the gross profit method

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