Exercise 9-15 Tony Legler requires an estimate of the cost of goods lost by fire on March 9. Merchandise on hand on January 1 was $38,100. Purchases since January 1 were $75,500; freight-in, $3,700; purchase returns and allowances, $2,400. Sales are made at 33 1/3% above cost and totaled $102,400 to March 9, Goods costing $11,500 were left undamaged by the fire; remaining goods were destroyed. Compute the cost of goods destroyed. (Round gross profit percentage and final answer to O decimal places, e.g. 15% or 125.) Cost of goods destroyed LINK TO TEXT 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. 78.7234590 and final answer to 0 decimal places, eg. 28,987.) Cost of goods destroyed LINK TO TEXT