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Exercise 9-17 You are called by Tim Duncan of Blue Co. on July 16 and asked to prepare a claim for insurance as a result
Exercise 9-17 You are called by Tim Duncan of Blue Co. on July 16 and asked to prepare a claim for insurance as a result of a theft that took place the night before. You suggest that an inventory be taken immediately. The following data are available. 39,900 87,800 114,600 4,300 Inventory, July 1 15 Sales revenue-goods delivered to customers (gross) Sales returns-goods returned to stock our client reports that the goods on hand on uly 16 cost $31, 40, but you determine that this figure includes goods of S6000 eceived on a consignment bass. Your past ecords show that soles are made at approximately 25% over cost. Duncan's insurance covers only goods owned. Compute the claim aanst the insurance company Round ratios for computational purposes to 2 decimal places, e g Claim against the insurance company 78 73 and inal answer to 0 decimal places, e g. 28,987. Question Attempts: 0 of 7 used opgnt 2000-5
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