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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 report

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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 report of loss for insurance purposes, the company must know what the imventories were immediately preceding the fire No detail or perpetual inventory records of any kind were maintained. The only pertinent information you are able to obtain are the following facts from the general ledser, which was kept in a fireproof vault and thus escaped destruction. Submit your estimate of the imventory amounts immediately preceding the fire. (Round rotios for computational parposes to 5 decimal places, eg. 78.74265\% and final answers to O decimal ploces, es. 28,987J

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