Exercise 9-15 Morgan Legler requires an estimate of the cost of goods lost by fire on March 9. Merchandise on hand on January 1 was $38,600. Purchases since January 1 were $67,800; freight-in, $3,500; purchase returns and allowances, $2,700. Sales are made at 33 1/3% above cost and totaled $92,400 to March 9. Goods costing $11,900 were left undamaged by the fire; remaining goods were destroyed. Incorrect answer. Your answer is incorrect. Try again. 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 $Entry field with incorrect answer now contains modified data LINK TO TEXT Incorrect answer. Your answer is incorrect. Try again. Compute the cost of goods destroyed, assuming that the gross profit is 33 1/3% of sales. (Round ratios for computational purposes to 5 decimal places, e.g. 78.72345% and final answer to 0 decimal places, e.g. 28,987.) Cost of goods destroyed $Entry field with incorrect answer