just in case jumbers are blurry, began june with inventory of 227,000. the Business made net purchases of 620,000 and hiding at sales and 885,000 before a fire destroyed the companies inventory. For the past several years Dundas companies gross margin on sales has been 32%.

unds company beginnewestory of $227.000. The main materet purchase of 120.000 and had to 585.000 betere a fou bewerted the commentary For punt verw years. Dundo Comporti pou margin on sale has been 32 percent Required 1. Estimate the cost of the inventory destroyed by fire 2. deily another matonewars and managers as the grous margin method to estimate inventory on a reguwe Requirement 1. Estimate the cost of the inventory destroyed by the fire Cost of goods valable for sale Estimane cost of goods sold Less Estoningin Requirement 2. try another reason owners and managers on the gross margin method to serventory on a basi Another reason owns and manages use the gross weg method to estimaterwentory cost on a regular basis