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Concord Corporation's April 30 inventory was destroyed by fire. January 1 inventory was $155,000, and purchases for January through April totaled $467,300. Sales revenue for

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Concord Corporation's April 30 inventory was destroyed by fire. January 1 inventory was $155,000, and purchases for January through April totaled $467,300. Sales revenue for the same period were $684,500. Concord's normal gross profit percentage is 25% on sales Using the gross profit method, estimate Concord's April to inventory that was destroyed by fire. Estimated ending inventory destroyed in fire $

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