Ivanhoe requires an estimate of the cost of goods lost by fire on March $9.$ Merchandise on hand on January $1$ was $$82,000.$ Purchases since January $1$ were $$137,000$; freight$-$in$,$ $$6,700$; purchase returns and allowances, $$4,900.$ Sales are made at $25\%$ above cost and totaled $$205,000$ to March $9.$ Goods costing $$20,700$ were left undamaged by the fire; remaining goods were destroyed.

$($a$)$

Compute the cost of goods destroyed.

Cost of goods destroyed

eTextbook and Media

Attempts: $0$ of $3$ used

$($b$)$

The parts of this question must be completed in order. This part will be available when you complete the part above.