Carla Vista Legler requires an estimate of the cost of goods lost by fire on March 9. Merchandise on hand on January 1 was $36,480. Purchases since January 1 were $69,120; freight-in, $3,264; purchase returns and allowances, $2,304. Sales are made at 33 ¹/₃% above cost and totaled $108,000 to March 9. Goods costing $10,464 were left undamaged by the fire; remaining goods were destroyed.

(a)

Compute the cost of goods destroyed. (Round gross profit percentage and final answer to 0 decimal places, e.g. 15% or 125.)

Cost of goods destroyed

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