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Kieso, Intermediate Accounting, 16e Help I S t> Open Assignment CALCULATOR PRINTER VERSION BACK NEXT ENT RESOURCES Exercise 9-17 e8-9 (Pat LecetY Your answer is incorrect. Try again. You are called by Tim Duncan of Windsor 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 sionl taken immediately. The following data are available. Inventory, July 1 Purchases-goods placed in stock July 1-15 Sales revenue-goods delivered to customers (gross) Sales returns-goods returned to stock s 36,600 31,300 119,400 3,600 ce 9-7 e9-18 se 9-22 e 9-20 Your client reports that the goods on hand on July 16 cost $31,300o, but you determine that this figure includes goods of $6,300 received on a consignment basis. Your past records show Score Results?Study that sales are made at approximately 30% over cost. Duncan's insurance covers only goods owned. Com tethe cia m against the insurance company Round ratios or computational purposes to 2 deermal places, e g 78 73% and f nal answer to O dee mal places e 28,987.) Claim against the insurance company LINK TO TEXT Question Attempts: 1 of 3 used SAVE FOR LATER SUBMIT ANSWER Version 4.24.6. 5/8/2018