Question
on march 15 stark company inventory was destroyed by a tornado the following was The only information salvaged 1 inventory January 1:$31000 2 purchase to
on march 15 stark company inventory was destroyed by a tornado the following was The only information salvaged 1 inventory January 1:$31000 2 purchase to march 15:$14000 3 sales to mar 15:$65000 4 sales returns to mar15:$7000 stark average gross profit ratio is 35%what is the estimated value of the destroyed inventory ?
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield
15th edition
978-1118159644, 9781118562185, 1118159640, 1118147294, 978-1118147290
