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On December 31, 2020 the inventory of G was completely destroyed by flood rains. The following information is I available: (1) Invertory at December 1,

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On December 31, 2020 the inventory of G was completely destroyed by flood rains. The following information is I available: (1) Invertory at December 1, 2020 at cost $31,400 (2) Purchases for December 2020 $55,600 (3) Sales for December 2020 $88,800 (4) Standard mark up on cost is 25% Based on this Information, which of the following is the amount of Inventory destroyed? Select one: $15.960 b: $17.760 OC $22.200 Od $20.400

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