indigo company lost most of its inventory in a fire in december just before the year end physical inventory was taken

THECIS OF STRESS UN BU D urses/45445/assignments/419721 Snow Attempt History Current Attempt in Progress X Your answer is incorrect. Indigo Company lost most of its inventory in a fire in December just before the year-end physical inventory was taken. The corporation's disclosed the following. $672.900 Beginning inventory Purchases for the year Purchase returns $173,200 424,200 28,000 Sales revenue Sales returns Rate of gross profit on net sales 24,600 30% Merchandise with a selling price of $21,000 remained undamaged after the fire. Damaged merchandise with an original selling price of $16,100 had a net realizable value of $5,700. Compute the amount of the loss as a result of the fire, assuming that the corporation had no insurance coverage. Amount of the loss $ 106590 e Textbook and Media Attempts: 2 of 3 used Save for Later Submit A