Dundas Company began Jone win inventory of $227,000. The business moderat purchases of $620.000 and had net sales of Sol,000 before a fre destroyed the company's inventory for the past several years. Our Company's y margin on sales has been 32 percent Required 1. Estimate the cost of the inventory destroyed by the fire 2. Identify another reason owners and managers use the gross margin method to estimate inventory on a regular basis Requirement 1. Extmate tra cost of the inventory destroyed by the fire Dout of goods avait for a Estimated cost of goods solt mated ending intory Requirement 2. Identity another rotonowners and managers er marginmonod to me inventory on a regular Another reason owner and managers use the pour margin method to estimate investory coot on a regular basis