Exercise 9-18

Carla Lumber Company handles three principal lines of merchandise with these varying rates of gross profit on cost.

Exerclse 9-13 Carla Lumber lCompany handles three principal lines of merchandise with these varying rates of gross prot on cost. Lumber 25% Millwe rk 33% Hardware and ttings 43% El On August 18, a re destroyed the ofce, lumber shed, and a considerable portion of the lumber stacked in the yard. To le a report of loss for insurance purposes, the company must know what the inventories were immediately preceding the re. No detail or perpetual inventory records of any kind were maintained. The only pertinent information you are able to obtain are the following facls from the general ledger, which was kept in a reproof vault and thus escaped destruction. Lumber Mllhlrorlr. Hardware Inventory, Jan. 1,r 231?I $253,433 $33,433 $44,533 Purchases to Aug. 13, 231?I 1,532,333 331,233 131,433 Sales to Aug. 13, 231? 2,112,433 432,533 231,333 Submit your estimate ofthe inventory amounts immediately preceding the re. (M ratios for computational purposes to 5 decimal places, e.g. Y8.?4265% and nal answers to 3 decimal places, e.g. 28,937.) Lumber Illlllwork Hardware $ $ 5 Inventory