Current Attempt in Progress

On December $31,2025,$ Sunland Company's inventory was destroyed by fire. Sales and purchases for the year had been $$1,520,000$ and $$990,000,$ respectively. The beginning inventory $($Jan$.1,2025)$ was $$187,000$; in the past Sunland's gross profit has averaged $30\%$ of the selling price.

Compute the estimated cost of inventory destroyed by fire.

Estimated cost of inventory burned

$

eTextbook and Media

List of Accounts

Attempts: unlimited