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Exercise 9-15 Chris Legler requires an estimate of the cost of goods lost by fire on March 9. Merchandise on hand on January 1 was

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Exercise 9-15 Chris Legler requires an estimate of the cost of goods lost by fire on March 9. Merchandise on hand on January 1 was $35,400. Purchases since January 1 were $66,700; freight-in, $3,500; purchase returns and allowances, $2 300 Sales are made at 33 1/3% above cost and totaled $103,100 to March 9 Goods co ting $10 600 were left damaged by ee fre; re naining goods were destroyed. Compute the cost of goods destroyed. (Round gross profit percentage and final answer to o decmal places, e.g. 1w or 125.) Cost of goods destroyed $ al places, eg. 78.72345% and final answer Compute the cost of goods destroyed, assuming that the gross pront is 33 1/3% of sales. (Round ratios for computational Purposes to 5 deci to O decimal places,e-g.28,987.) Cost of goods destroyed Click if you would like to Show Work for this question: Open Show Work By accessing this Question Assistance, you will learn while you earm points based on the Point Potential Policy set by your instructor Question Attempts: Unlimited SAVE FOR LATER SUBMIY

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