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Howard's Supply Co. suffered a fire loss on April 20, 2021. The company's last physical inventory was taken January 30, 2021, at which time the

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Howard's Supply Co. suffered a fire loss on April 20, 2021. The company's last physical inventory was taken January 30, 2021, at which time the inventory totaled $212,528. Sales from January 30 to April 20 were $585,420 and purchases during that time were $405,452. Howard's consistently reports a 30% gross profit. The estimated inventory loss is

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