Question
On July 5, 2021, a fire destoryed the entire inventory of Kinard Music Mart. the following information is available from its accouting records Inventory: Jan
On July 5, 2021, a fire destoryed the entire inventory of Kinard Music Mart. the following information is available from its accouting records
Inventory: Jan 1, 2021: $211,000
Purchases: Jan 1st - July 5: $500,000
Sales: Jan 1 - July 5: $900,000
Normal gross Margin 30%
compute the estimated cost of invenrtory lost in the fire
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Internal Auditing In Savings And Credit Cooperative Societies
Authors: Daniel Njuguna
1st Edition
B0C8SCJKRT, 979-8223128649
