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On August 18 , a fire destroyed the office, lumber shed, and a considerable portion of the lumber stacked in the yard. To file a
On August 18 , a fire destroyed the office, lumber shed, and a considerable portion of the lumber stacked in the yard. To file a report of loss for insurance purposes, the company must know what the inventories were immediately preceding the fire. No detail or perpetual inventory record 5 of any kind were maintained. The only pertinent information you are able to obtain are the following facts from the general ledger, which was kept in a fireproof vault and thus escaped destruction. Submit your estimate of the inventory amounts immediately preceding the fire. (Round ratios for computotional purposes to 5 decimal places, eq. 78.74265\% and final answers to 0 decimal places, eq. 28,987.) Attempts: 0 of 1 used
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